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2011 (1) TMI 896 - MADRAS HIGH COURTCost of acquisition of Bonus shares. - Held that:- the price paid by the appellant for the original shares was not only for the original shares themselves but also for such shares which had yielded subsequently in the form of bonus shares and consequently the method of spreading over the cost of acquisition from the original shares on both the original and the bonus shares was the only proper method of determining the value of original shares, which were shown after the issue of the bonus shares and the sale of both were effected to them. decided against Assessee.
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