https://www.taxtmi.com/caselaws?id=27442 The High Court affirmed the Tribunal's decisions in a tax matter, ruling that the price of right shares should not be averaged with the price of original shares for capital gains computation. It held that each lot of shares, including bonus shares, should be treated as distinct. The Court also determined that the cost of acquisition of bonus shares should be calculated by spreading the cost of original shares over both original and bonus shares, in line with established legal principles. The Court answered both issues in the affirmative, upholding the Tribunal's approach. en-us Fri, 10 Aug 1984 00:00:00 +0530 Fri, 12 Feb 2010 18:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27442 The High Court affirmed the Tribunal's decisions in a tax matter, ruling that the price of right shares should not be averaged with the price of original shares for capital gains computation. It held that each lot of shares, including bonus shares, should be treated as distinct. The Court also determined that the cost of acquisition of bonus shares should be calculated by spreading the cost of original shares over both original and bonus shares, in line with established legal principles. The Court answered both issues in the affirmative, upholding the Tribunal's approach. Case-Laws Income Tax Fri, 10 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27442