https://www.taxtmi.com/caselaws?id=22399 The High Court upheld the Tribunal's method of valuing the cost of shares for computing capital gains. It emphasized using the fair market value opted by the assessee for the original shares and a different method for bonus shares. Referring to relevant case law, the Court ruled in favor of the assessee, highlighting the importance of determining the cost of acquisition accurately. The decision favored the assessee, answering the legal question affirmatively and awarding costs for the reference. en-us Tue, 11 Jun 1991 00:00:00 +0530 Wed, 09 Dec 2009 17:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22399 The High Court upheld the Tribunal's method of valuing the cost of shares for computing capital gains. It emphasized using the fair market value opted by the assessee for the original shares and a different method for bonus shares. Referring to relevant case law, the Court ruled in favor of the assessee, highlighting the importance of determining the cost of acquisition accurately. The decision favored the assessee, answering the legal question affirmatively and awarding costs for the reference. Case-Laws Income Tax Tue, 11 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22399