https://www.taxtmi.com/caselaws?id=17256 The court ruled in favor of the assessee, directing the Tribunal to determine the cost of acquisition and value of bonus shares using the fair market value as of January 1, 1954, for both original and bonus shares. The court emphasized that deviating from this method would violate Section 55(2) of the Income-tax Act and established judicial precedents. en-us Thu, 12 Dec 1996 00:00:00 +0530 Mon, 21 Sep 2009 11:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17256 The court ruled in favor of the assessee, directing the Tribunal to determine the cost of acquisition and value of bonus shares using the fair market value as of January 1, 1954, for both original and bonus shares. The court emphasized that deviating from this method would violate Section 55(2) of the Income-tax Act and established judicial precedents. Case-Laws Income Tax Thu, 12 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17256