https://www.taxtmi.com/caselaws?id=37429 The High Court affirmed the Tribunal's decision that the capital gains realized by the assessee on the sale of shares of New City of Bombay Manufacturing Company Ltd. was Rs. 7,50,958, as determined by the ITO. The assessee's method of calculation was not accepted, and the principle of spreading the cost of original shares over the original and bonus shares collectively was upheld. The assessee was ordered to pay the costs of the revenue. en-us Fri, 30 Jun 1978 00:00:00 +0530 Mon, 29 Mar 2010 16:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37429 The High Court affirmed the Tribunal's decision that the capital gains realized by the assessee on the sale of shares of New City of Bombay Manufacturing Company Ltd. was Rs. 7,50,958, as determined by the ITO. The assessee's method of calculation was not accepted, and the principle of spreading the cost of original shares over the original and bonus shares collectively was upheld. The assessee was ordered to pay the costs of the revenue. Case-Laws Income Tax Fri, 30 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37429