https://www.taxtmi.com/caselaws?id=58210 The Tribunal determined that the date of redemption of gold bonds should be considered as the date of acquisition for computing capital gains, based on Circular No. 415. The decision favored the Revenue, upholding the CIT's order under section 263 and rejecting the assessee's argument for the actual redemption date as the acquisition date. The Tribunal's interpretation of the Circular guided the outcome in favor of the Revenue in both the reassessment and appeal processes, emphasizing the market value of the bonds on the redemption date for capital gains calculation. en-us Mon, 31 Jul 1989 00:00:00 +0530 Fri, 17 Dec 2010 18:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58210 The Tribunal determined that the date of redemption of gold bonds should be considered as the date of acquisition for computing capital gains, based on Circular No. 415. The decision favored the Revenue, upholding the CIT's order under section 263 and rejecting the assessee's argument for the actual redemption date as the acquisition date. The Tribunal's interpretation of the Circular guided the outcome in favor of the Revenue in both the reassessment and appeal processes, emphasizing the market value of the bonds on the redemption date for capital gains calculation. Case-Laws Income Tax Mon, 31 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58210