https://www.taxtmi.com/caselaws?id=23248 The court determined that bonus shares are considered acquired and held by the shareholder from the date of their issue, not from the date of acquisition of the original shares. Consequently, the capital gain from the sale of bonus shares was classified as a short-term capital gain. en-us Fri, 22 Sep 1989 00:00:00 +0530 Thu, 17 Dec 2009 17:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23248 The court determined that bonus shares are considered acquired and held by the shareholder from the date of their issue, not from the date of acquisition of the original shares. Consequently, the capital gain from the sale of bonus shares was classified as a short-term capital gain. Case-Laws Income Tax Fri, 22 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23248