https://www.taxtmi.com/caselaws?id=350311 The Tribunal ruled in favor of the assessee, confirming that bonus shares and shares received from overseas investors qualify as foreign exchange assets under Section 115C. Consequently, these shares are eligible for the concessional tax rate of 10% under Section 115E. The Tribunal also upheld the assessee's position on the cost of acquisition for shares transferred by overseas investors, in line with established judicial precedents. The decision was rendered on 31st October 2017. en-us Tue, 31 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350311 The Tribunal ruled in favor of the assessee, confirming that bonus shares and shares received from overseas investors qualify as foreign exchange assets under Section 115C. Consequently, these shares are eligible for the concessional tax rate of 10% under Section 115E. The Tribunal also upheld the assessee's position on the cost of acquisition for shares transferred by overseas investors, in line with established judicial precedents. The decision was rendered on 31st October 2017. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350311