https://www.taxtmi.com/caselaws?id=31595 The Authority for Advance Rulings (AAR) ruled in favor of the applicant on both issues. The tax rate on long-term capital gains from the sale of listed equity shares was determined to be 10% as per the proviso to section 112(1) of the Income-tax Act, 1961. Additionally, the interest paid to shareholders was deemed to be included in the cost of acquisition of the shares, as it was considered an integral part of the acquisition process. en-us Wed, 19 Nov 2008 00:00:00 +0530 Fri, 26 Dec 2008 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31595 The Authority for Advance Rulings (AAR) ruled in favor of the applicant on both issues. The tax rate on long-term capital gains from the sale of listed equity shares was determined to be 10% as per the proviso to section 112(1) of the Income-tax Act, 1961. Additionally, the interest paid to shareholders was deemed to be included in the cost of acquisition of the shares, as it was considered an integral part of the acquisition process. Case-Laws Income Tax Wed, 19 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31595