https://www.taxtmi.com/caselaws?id=21154 Binding Supreme Court precedent on bonus shares governed the computation of capital gains on sale of shares, so the original cost had to be apportioned over both the original and bonus shares when working out the gain. The reference was therefore answered in favour of that allocation and against the assessee. As the substantive question was already settled by the Supreme Court, no arguable ground remained for certification of an appeal to the Supreme Court, and the prayer for a certificate of fitness was rejected. en-us Tue, 13 Aug 1991 00:00:00 +0530 Fri, 20 Nov 2009 13:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21154 Binding Supreme Court precedent on bonus shares governed the computation of capital gains on sale of shares, so the original cost had to be apportioned over both the original and bonus shares when working out the gain. The reference was therefore answered in favour of that allocation and against the assessee. As the substantive question was already settled by the Supreme Court, no arguable ground remained for certification of an appeal to the Supreme Court, and the prayer for a certificate of fitness was rejected. Case-Laws Income Tax Tue, 13 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21154