https://www.taxtmi.com/caselaws?id=20781 The High Court affirmed the Tribunal's decision in the case involving the computation of the cost of acquisition of right shares. The Court agreed with the Tribunal that the cost of acquisition should be Rs. 6.25 per share, based on the depreciation in the value of the original shares due to the issuance of right shares. The decision aligned with the Supreme Court's ruling in a similar case. As a result, the outcome favored the assessee, with no order as to costs. en-us Thu, 30 Jan 1992 00:00:00 +0530 Tue, 17 Nov 2009 11:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20781 The High Court affirmed the Tribunal's decision in the case involving the computation of the cost of acquisition of right shares. The Court agreed with the Tribunal that the cost of acquisition should be Rs. 6.25 per share, based on the depreciation in the value of the original shares due to the issuance of right shares. The decision aligned with the Supreme Court's ruling in a similar case. As a result, the outcome favored the assessee, with no order as to costs. Case-Laws Income Tax Thu, 30 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20781