https://www.taxtmi.com/caselaws?id=59919 The Tribunal ruled in favor of the tax department in a case concerning the valuation of original shares for a dealer. The dispute revolved around whether the cost of shares should be determined by spreading the original cost over all shares, including bonus shares. The Tribunal upheld the department's method of calculating the average cost of all shares, overturning the Commissioner (Appeals) decision that valued the shares based on the original cost to the appellant. The decision emphasized the importance of applying relevant legal precedents in determining the cost of shares sold for dealers. en-us Thu, 26 Mar 1987 00:00:00 +0530 Sat, 01 Jan 2011 18:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59919 The Tribunal ruled in favor of the tax department in a case concerning the valuation of original shares for a dealer. The dispute revolved around whether the cost of shares should be determined by spreading the original cost over all shares, including bonus shares. The Tribunal upheld the department's method of calculating the average cost of all shares, overturning the Commissioner (Appeals) decision that valued the shares based on the original cost to the appellant. The decision emphasized the importance of applying relevant legal precedents in determining the cost of shares sold for dealers. Case-Laws Income Tax Thu, 26 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59919