https://www.taxtmi.com/caselaws?id=58607 The ITAT set aside the CIT's direction to recompute capital gains by spreading the cost over original plus bonus shares. The ITAT emphasized that the cost of acquisition of original shares should not be affected by subsequent issuance of bonus shares, citing relevant legal provisions and court decisions. The judgment clarified that the cost of acquisition remains unchanged by bonus shares issuance for capital gain computation, ultimately partially allowing the appeal in favor of the assessee. en-us Wed, 28 Feb 1990 00:00:00 +0530 Mon, 20 Dec 2010 18:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58607 The ITAT set aside the CIT's direction to recompute capital gains by spreading the cost over original plus bonus shares. The ITAT emphasized that the cost of acquisition of original shares should not be affected by subsequent issuance of bonus shares, citing relevant legal provisions and court decisions. The judgment clarified that the cost of acquisition remains unchanged by bonus shares issuance for capital gain computation, ultimately partially allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 28 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58607