https://www.taxtmi.com/caselaws?id=22069 The High Court affirmed the Tribunal's decision regarding the computation of capital gains from the sale of shares, emphasizing the method of spreading the cost of original shares over both original and bonus shares. The Court relied on Supreme Court precedents and its own previous judgment, concluding that this method is essential for accurate profit or loss calculation. The High Court dismissed the assessee's plea for further appeal to the Supreme Court, highlighting the clarity of existing legal principles and the importance of consistent application in resolving income computation disputes under the Income-tax Act, 1961. en-us Tue, 13 Aug 1991 00:00:00 +0530 Sat, 05 Dec 2009 17:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22069 The High Court affirmed the Tribunal's decision regarding the computation of capital gains from the sale of shares, emphasizing the method of spreading the cost of original shares over both original and bonus shares. The Court relied on Supreme Court precedents and its own previous judgment, concluding that this method is essential for accurate profit or loss calculation. The High Court dismissed the assessee's plea for further appeal to the Supreme Court, highlighting the clarity of existing legal principles and the importance of consistent application in resolving income computation disputes under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 13 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22069