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2012 (8) TMI 545 - HC - Income TaxWhether income earned from sale of tradeable warrants was not taxable on the ground that the asset transferred had no cost of acquisition – Held that:- According to Clause (aa) of section 55(2) of the Income-tax Act, cost of acquisition attributable to the trading warrants shall be statutorily deemed to be nil with effect from April 1, 1996 - income earned from sale of tradeable warrants was not taxable
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