Capital Gain ::


Last updated: 14 January 2008

Court :
HC

Brief :
Held by the Hon`ble Bench that as per section 55(2) clause (aa) in case assessee becomes entitled to an additional financial asset by virtue of original holding of shares the cost of acquisition of the original shares cannot be spread over for calculating the capital gain.

Citation :
Bharat S.Shah Vs. J.C.I.T.

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