2019 (11) TMI 359

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..... by the division Bench. The learned third member has now concurred with a view taken by the judicial Member Vide Para 34, 35, 36 as under: - "34. In light of the above discussion, I hereby hold that the cost of acquisition of shares of BSE Ltd. shall be the original cost of acquisition of membership card in terms of Section 55(2)(ab) of the Act even though assessee has claimed depreciation on the .....

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..... s of Section 55(2)(ab) of the Act." Since, majority view now is that the cost of acquisition of shares of BSE Ltd. shall be the original cost of acquisition of Membership called in term of section 55(2)(ab) of the Act and period of holding of shares of BSE Ltd will be period for which the person was a member of the recognised stock exchange in India immediately prior to such de-mutualisation or c .....

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