https://www.taxtmi.com/caselaws?id=19283 Where the entire shareholding block is transferred, bonus shares need not be separately valued and the average cost method may be used to determine the cost of acquisition for capital gains. The Tribunal applied that settled approach and reworked the share cost in line with earlier directions, which was held to be consistent with the governing legal position. The valuation method for computing taxable capital gains was therefore correct in law, and the issue was decided against the assessee. en-us Tue, 06 Sep 1994 00:00:00 +0530 Thu, 05 Nov 2009 11:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19283 Where the entire shareholding block is transferred, bonus shares need not be separately valued and the average cost method may be used to determine the cost of acquisition for capital gains. The Tribunal applied that settled approach and reworked the share cost in line with earlier directions, which was held to be consistent with the governing legal position. The valuation method for computing taxable capital gains was therefore correct in law, and the issue was decided against the assessee. Case-Laws Income Tax Tue, 06 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19283