https://www.taxtmi.com/caselaws?id=59073 The Tribunal allowed both appeals filed by the assessee, directing the determination of long-term capital loss on the sale of shares of Shakti Insulated Wires (P) Ltd. as claimed by the assessee. Additionally, no tax on capital gains was levied on the sale of 500 bonus shares of Cable Corporation of India, following the Tribunal's decision that the cost of acquisition was 'nil.' The Tribunal also upheld the assessee's method of determining the cost of acquisition for bonus shares received on gifted shares, spreading the cost over original and bonus shares. en-us Wed, 31 May 1989 00:00:00 +0530 Thu, 23 Dec 2010 17:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59073 The Tribunal allowed both appeals filed by the assessee, directing the determination of long-term capital loss on the sale of shares of Shakti Insulated Wires (P) Ltd. as claimed by the assessee. Additionally, no tax on capital gains was levied on the sale of 500 bonus shares of Cable Corporation of India, following the Tribunal's decision that the cost of acquisition was 'nil.' The Tribunal also upheld the assessee's method of determining the cost of acquisition for bonus shares received on gifted shares, spreading the cost over original and bonus shares. Case-Laws Income Tax Wed, 31 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59073