https://www.taxtmi.com/caselaws?id=802406 Gains from transferring debenture interest coupon strips held for more than twelve months are treated as long-term capital gains and qualify for deduction under section 54EC. Capital gains treatment applies to investment bonds transferred before maturity. The modified tax treatment under Circular No. 2/2002 applies prospectively to bonds issued after the circular, not retrospectively to bonds issued before it. en-us Thu, 15 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802406 Gains from transferring debenture interest coupon strips held for more than twelve months are treated as long-term capital gains and qualify for deduction under section 54EC. Capital gains treatment applies to investment bonds transferred before maturity. The modified tax treatment under Circular No. 2/2002 applies prospectively to bonds issued after the circular, not retrospectively to bonds issued before it. Case-Laws Income Tax Thu, 15 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802406