https://www.taxtmi.com/caselaws?id=58474 The Tribunal determined that the irredeemable preference shares were acquired on 30th September, 1971, not earlier, leading to a short-term capital loss of Rs. 68,236. The re-organization of the company's capital on that date constituted a transfer of shares under the IT Act. The Tribunal allowed the appeal, directing acceptance of the assessee's claim and modification of the assessment. en-us Mon, 31 Jan 1983 00:00:00 +0530 Mon, 20 Dec 2010 11:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58474 The Tribunal determined that the irredeemable preference shares were acquired on 30th September, 1971, not earlier, leading to a short-term capital loss of Rs. 68,236. The re-organization of the company's capital on that date constituted a transfer of shares under the IT Act. The Tribunal allowed the appeal, directing acceptance of the assessee's claim and modification of the assessment. Case-Laws Income Tax Mon, 31 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58474