https://www.taxtmi.com/caselaws?id=5993 The Supreme Court held that in calculating capital gains from the transfer of original shares, the subsequent issue of bonus shares must be factored in for averaging and reducing the acquisition cost. The decision was rendered in the case of Escorts Farms (Ramgarh) Limited v. CIT [1996] 222 ITR 509. The appeal was resolved in favor of the Revenue, with no costs awarded. en-us Tue, 13 Mar 2001 00:00:00 +0530 Fri, 24 Aug 2018 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5993 The Supreme Court held that in calculating capital gains from the transfer of original shares, the subsequent issue of bonus shares must be factored in for averaging and reducing the acquisition cost. The decision was rendered in the case of Escorts Farms (Ramgarh) Limited v. CIT [1996] 222 ITR 509. The appeal was resolved in favor of the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 13 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5993