https://www.taxtmi.com/caselaws?id=36029 The High Court upheld the Tribunal's decision to allow Rs. 41,200 as the cost of 1,600 bonus shares sold by the assessee. It determined that the cost of acquisition should be spread over both the original and bonus shares, in line with Supreme Court precedents. The Court ruled in favor of the assessee, emphasizing the application of commercial prudence in such computations. en-us Mon, 05 May 1980 00:00:00 +0530 Fri, 19 Mar 2010 10:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36029 The High Court upheld the Tribunal's decision to allow Rs. 41,200 as the cost of 1,600 bonus shares sold by the assessee. It determined that the cost of acquisition should be spread over both the original and bonus shares, in line with Supreme Court precedents. The Court ruled in favor of the assessee, emphasizing the application of commercial prudence in such computations. Case-Laws Income Tax Mon, 05 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36029