https://www.taxtmi.com/caselaws?id=388110 The Tribunal held that the cost of acquisition of shares of BSE Ltd. should be the original cost of acquiring the membership card as per Section 55(2)(ab) of the Act. It was clarified that the period of holding of shares should commence from the date of original membership of BSE, including the period before demutualization or corporatization. As a result, the assessee's appeal was allowed, and a conformity order reflecting the Tribunal's decision was issued on 18.10.2019. en-us Fri, 18 Oct 2019 00:00:00 +0530 Fri, 08 Nov 2019 08:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388110 The Tribunal held that the cost of acquisition of shares of BSE Ltd. should be the original cost of acquiring the membership card as per Section 55(2)(ab) of the Act. It was clarified that the period of holding of shares should commence from the date of original membership of BSE, including the period before demutualization or corporatization. As a result, the assessee's appeal was allowed, and a conformity order reflecting the Tribunal's decision was issued on 18.10.2019. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388110