https://www.taxtmi.com/caselaws?id=208191 The High Court upheld the Assessing Officer's decision regarding the cost of acquisition of shares, rejecting the appellant's argument and affirming the Tribunal's ruling. The court emphasized the importance of considering the cost of acquisition for both original and bonus shares in calculating capital gains, in line with principles established in previous court decisions. The appellant's reliance on a Division Bench decision was deemed inapplicable, leading to the dismissal of the appeal. en-us Tue, 25 Jan 2011 00:00:00 +0530 Sat, 15 Dec 2012 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208191 The High Court upheld the Assessing Officer's decision regarding the cost of acquisition of shares, rejecting the appellant's argument and affirming the Tribunal's ruling. The court emphasized the importance of considering the cost of acquisition for both original and bonus shares in calculating capital gains, in line with principles established in previous court decisions. The appellant's reliance on a Division Bench decision was deemed inapplicable, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208191