https://www.taxtmi.com/caselaws?id=298201 The case involved determining the cost of shares allotted to members of Bombay Stock Exchange (BSE) post corporatisation/demutualisation and the availability of indexation benefit on the sale of such shares. The Third Member concluded that the cost of shares should be based on the original cost of the membership card as per Section 55(2)(ab) of the Income-tax Act, and the period of holding for indexation purposes should commence from the date of the original membership of BSE. The decision was referred to the Division Bench for further action in line with the majority opinion. en-us Fri, 30 Aug 2019 00:00:00 +0530 Wed, 20 Oct 2021 09:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298201 The case involved determining the cost of shares allotted to members of Bombay Stock Exchange (BSE) post corporatisation/demutualisation and the availability of indexation benefit on the sale of such shares. The Third Member concluded that the cost of shares should be based on the original cost of the membership card as per Section 55(2)(ab) of the Income-tax Act, and the period of holding for indexation purposes should commence from the date of the original membership of BSE. The decision was referred to the Division Bench for further action in line with the majority opinion. Case-Laws Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298201