https://www.taxtmi.com/caselaws?id=21733 The High Court upheld the Tribunal's decision that the cost of shares should be determined by spreading the original cost over the total shares, including bonus shares, in accordance with the principles established in the Gold Mohore case. The court emphasized that the cost of acquisition of original shares should not be affected by subsequent events like the issuance of bonus shares. This clarification ensures consistency in valuing shares and computing profit or loss in share dealings under the Income-tax Act, favoring the Revenue in this case. en-us Thu, 31 Jan 1991 00:00:00 +0530 Fri, 27 Nov 2009 13:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21733 The High Court upheld the Tribunal's decision that the cost of shares should be determined by spreading the original cost over the total shares, including bonus shares, in accordance with the principles established in the Gold Mohore case. The court emphasized that the cost of acquisition of original shares should not be affected by subsequent events like the issuance of bonus shares. This clarification ensures consistency in valuing shares and computing profit or loss in share dealings under the Income-tax Act, favoring the Revenue in this case. Case-Laws Income Tax Thu, 31 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21733