https://www.taxtmi.com/caselaws?id=21092 The High Court held that the loss incurred due to exchange rate fluctuations in remittance of profit and dividends is not an allowable deduction. Additionally, the court ruled that the cost of acquisition of original shares should be spread over both original and bonus shares for computing long-term capital gains. en-us Fri, 26 Apr 1991 00:00:00 +0530 Fri, 20 Nov 2009 10:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21092 The High Court held that the loss incurred due to exchange rate fluctuations in remittance of profit and dividends is not an allowable deduction. Additionally, the court ruled that the cost of acquisition of original shares should be spread over both original and bonus shares for computing long-term capital gains. Case-Laws Income Tax Fri, 26 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21092