https://www.taxtmi.com/caselaws?id=56076 The judgment favored the assessee in a case concerning the calculation of short term capital loss related to the acquisition and sale of gold bonds. The dispute centered on determining the date of acquisition of the gold bonds, with the assessee claiming a loss while the Income Tax Officer assessed a gain based on differing dates. The Tribunal ruled in favor of the assessee, emphasizing the importance of the date when ownership and possession of the gold were transferred to determine market value for capital gains, disregarding the mode of acquisition. en-us Mon, 10 Apr 1989 00:00:00 +0530 Wed, 01 Dec 2010 14:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56076 The judgment favored the assessee in a case concerning the calculation of short term capital loss related to the acquisition and sale of gold bonds. The dispute centered on determining the date of acquisition of the gold bonds, with the assessee claiming a loss while the Income Tax Officer assessed a gain based on differing dates. The Tribunal ruled in favor of the assessee, emphasizing the importance of the date when ownership and possession of the gold were transferred to determine market value for capital gains, disregarding the mode of acquisition. Case-Laws Income Tax Mon, 10 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56076