https://www.taxtmi.com/caselaws?id=31269 The High Court upheld the Tribunal's decision, ruling in favor of the appellant, a Public Limited Company, on both issues. The Court determined that the profit/loss on share transactions should be treated as capital gains with indexation benefit and allowed the inclusion of interest liability in the cost of share acquisition. The Court found no substantial question of law for consideration and dismissed the tax case in favor of the appellant. en-us Thu, 12 Jul 2007 00:00:00 +0530 Sat, 17 Sep 2011 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31269 The High Court upheld the Tribunal's decision, ruling in favor of the appellant, a Public Limited Company, on both issues. The Court determined that the profit/loss on share transactions should be treated as capital gains with indexation benefit and allowed the inclusion of interest liability in the cost of share acquisition. The Court found no substantial question of law for consideration and dismissed the tax case in favor of the appellant. Case-Laws Income Tax Thu, 12 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31269