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1988 (1) TMI 69 - AT - Income TaxExtract: .......ate are to be ignored. We, therefore, accept the contention of the assessee that the market value of the original shares as on 1-1-1964 as against the original cost should be spread over to arrive at the cost of acquisition of the bonus shares in the present case and direct the authorities below accordingly. 7. In the result, the appeal is allowed.
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