https://www.taxtmi.com/caselaws?id=422006 The Tribunal partly allowed the appeal filed by the assessee. The disallowance of depreciation on the WDV of the BSE Membership Card was upheld, and the withdrawal of depreciation for previous years was also confirmed. However, the Tribunal allowed the computation of the cost of shares for long-term capital gains based on the original cost of the BSE membership card, in line with section 55(2)(ab) of the Act and relevant case law precedents. en-us Wed, 06 Apr 2022 00:00:00 +0530 Thu, 05 May 2022 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422006 The Tribunal partly allowed the appeal filed by the assessee. The disallowance of depreciation on the WDV of the BSE Membership Card was upheld, and the withdrawal of depreciation for previous years was also confirmed. However, the Tribunal allowed the computation of the cost of shares for long-term capital gains based on the original cost of the BSE membership card, in line with section 55(2)(ab) of the Act and relevant case law precedents. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422006