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2009 (2) TMI 87 - GUJARAT HIGH COURTSale of right of fully convertible debentures – held that in working out capital gain/loss, the principles that have to be applied are those which are a part of the commercial practice or which an ordinary business man resort to while computing for his business purposes – to determine cost of right shares, decision of SC in Miss Dhun Dadabhoy Kapadia, applicable - short term capital loss claimed by assessee on the transaction relating to renunciation of rights to receive debentures, is allowed
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