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held in these cases that if the bonus shares ranked paripassu with the old shares, they should be valued by spreading original cost over ... shares. It is not in dispute here that the bonus shares ranked paripassu with the original shares. With these observations, the Assessing Officer adopted

created on 01.06.1994. 13. As there were seven secured creditors who held paripassu charge on the company's assets including land under acquisition ... from NHAI because it got diverted at source because of pre-existing paripassu right of banks and financial institutions created by joint equitable mortgage executed

this view already taken by us. As per the legal maxim 'paripassu', the noting without any narration can be placed with equal footing