https://www.taxtmi.com/caselaws?id=22075 The High Court determined that the cost of acquisition should be spread over original and bonus shares for calculating capital gains, upholding the computation made by the Income-tax Officer. Regarding depreciation on plant and machinery used for scientific research, the court ruled against the assessee, citing disallowance under the Income-tax Act due to previous deductions. The court also rejected the plea to certify the case for appeal to the Supreme Court, as the issue was already covered by previous decisions. en-us Tue, 13 Aug 1991 00:00:00 +0530 Sat, 05 Dec 2009 17:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22075 The High Court determined that the cost of acquisition should be spread over original and bonus shares for calculating capital gains, upholding the computation made by the Income-tax Officer. Regarding depreciation on plant and machinery used for scientific research, the court ruled against the assessee, citing disallowance under the Income-tax Act due to previous deductions. The court also rejected the plea to certify the case for appeal to the Supreme Court, as the issue was already covered by previous decisions. Case-Laws Income Tax Tue, 13 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22075