M/S. ZASH TRADERS,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-4(1)(1), BENGALURU
ITA 747/BANG/2023[2020-21]Status: DisposedITAT Bangalore29 Apr 2024AY 2020-21
Section 250Section 55Section 55(2)(aa)Section 55(2)(ac)Section 55(2)(b)
short “The Act”) should be as per this\n\nPage 3 of 31\n\nprovision or as per sub-clause (iiia) of section 55(2)(aa)(B) of the Act,\ngiven that the later, i.e. sub-clause (iiia) of section 55(2)(aa)(B) of the\nAct has bee made ... after 01.04.2001 and before\n01.02.2018, being bonus shares, the cost of\nacquisition should be taken as Nil as per the\nprovisions of Section 55(2)(aa)(B)(iiia) of the Act.\n3.2 As regards ascertaining the cost of acquisition of Wipro\nshares, the assessee submitted as follows\ni Wipro shares
