https://www.taxtmi.com/caselaws?id=205129 The tribunal allowed the appeal of the non-resident Indian assessee, holding that bonus shares received on account of the original investment in foreign currency qualified as foreign exchange assets under section 115F. The tribunal emphasized the interdependence of original and bonus shares in determining the value of the asset and aligned its decision with legal precedents, allowing the assessee to avail benefits under the relevant provisions of the Act. en-us Fri, 15 Jul 2011 00:00:00 +0530 Mon, 08 Aug 2011 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205129 The tribunal allowed the appeal of the non-resident Indian assessee, holding that bonus shares received on account of the original investment in foreign currency qualified as foreign exchange assets under section 115F. The tribunal emphasized the interdependence of original and bonus shares in determining the value of the asset and aligned its decision with legal precedents, allowing the assessee to avail benefits under the relevant provisions of the Act. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205129