https://www.taxtmi.com/caselaws?id=30629 The court ruled in favor of the assessee regarding the fair market value of shares held as stock-in-trade for capital gains computation, allowing the assessee to choose the fair market value based on the date of actual acquisition. Additionally, the court held that the coupons received with non-convertible debentures were not subject to capital gains tax due to the lack of identifiable cost of acquisition, dismissing the appeal on this issue. en-us Tue, 08 Jan 2008 00:00:00 +0530 Wed, 10 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30629 The court ruled in favor of the assessee regarding the fair market value of shares held as stock-in-trade for capital gains computation, allowing the assessee to choose the fair market value based on the date of actual acquisition. Additionally, the court held that the coupons received with non-convertible debentures were not subject to capital gains tax due to the lack of identifiable cost of acquisition, dismissing the appeal on this issue. Case-Laws Income Tax Tue, 08 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30629