https://www.taxtmi.com/caselaws?id=422072 The Tribunal dismissed the assessee's appeal, affirming that the amount paid to creditors cannot be considered as the cost of shares for determining capital gain. Additionally, the Tribunal upheld the decision that the fair market value as of 01-04-1981 cannot be adopted for indexation purposes. The Tribunal found no merit in the assessee's arguments and agreed with the Assessing Officer and Commissioner of Income Tax (Appeals), ultimately dismissing the appeal. en-us Mon, 18 Apr 2022 00:00:00 +0530 Sat, 07 May 2022 06:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422072 The Tribunal dismissed the assessee's appeal, affirming that the amount paid to creditors cannot be considered as the cost of shares for determining capital gain. Additionally, the Tribunal upheld the decision that the fair market value as of 01-04-1981 cannot be adopted for indexation purposes. The Tribunal found no merit in the assessee's arguments and agreed with the Assessing Officer and Commissioner of Income Tax (Appeals), ultimately dismissing the appeal. Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422072