https://www.taxtmi.com/caselaws?id=15790 For computing capital gains on transfer of shares, the cost of bonus shares was treated as 50 per cent of the cost of the original shares. The Court noted that this method of valuation had already been upheld in an earlier decision and that the value adopted as on 1 January 1964 was fixed for spreading the cost between original and bonus shares. The referred question was answered in the affirmative, and the Department's position was rejected. en-us Mon, 24 Feb 1997 00:00:00 +0530 Sat, 29 Aug 2009 11:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15790 For computing capital gains on transfer of shares, the cost of bonus shares was treated as 50 per cent of the cost of the original shares. The Court noted that this method of valuation had already been upheld in an earlier decision and that the value adopted as on 1 January 1964 was fixed for spreading the cost between original and bonus shares. The referred question was answered in the affirmative, and the Department's position was rejected. Case-Laws Income Tax Mon, 24 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15790