THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. REENA JOSE
ITA/47/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
property of the assessee on -
(a) the consolidation and division of all or any of the share capital of the company into
shares of larger amount** ** **”
11.6 A bare reading thereof would indicate how the legislature contemplates
that come chargeable under head "capital gains" has to be computed. The mode
of computation is laid down by section 48, whereas
