https://www.taxtmi.com/caselaws?id=59464 The Tribunal held that in cases where the cost of acquisition of bonus shares is statutorily required to be nil, these shares should be excluded from the computation of the average cost for determining the cost of acquisition of original shares. The matter was remanded to the Assessing Officer to verify if the assessee still held the relevant bonus shares as of 1st April 1995. If so, the bonus shares should be excluded from the calculation of the average cost. The appeal was allowed with this direction. en-us Tue, 09 Sep 2003 00:00:00 +0530 Wed, 29 Dec 2010 18:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59464 The Tribunal held that in cases where the cost of acquisition of bonus shares is statutorily required to be nil, these shares should be excluded from the computation of the average cost for determining the cost of acquisition of original shares. The matter was remanded to the Assessing Officer to verify if the assessee still held the relevant bonus shares as of 1st April 1995. If so, the bonus shares should be excluded from the calculation of the average cost. The appeal was allowed with this direction. Case-Laws Income Tax Tue, 09 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59464