Bonus stripping

You know that cost of Bonus share is taken at Nil. 

Cum-Bonus Shares are purchased. Say 100 Shares Purchased for Rs 5000.

On record date 100 Bonus shares have been issued. (1for 1) Cost Nil 

Now the person is having 200 shares. 

He sales Original Shares (FIFO method) say -for Rs 3000. (As the price of share come down  when it becomes ex-bonus)

He Calculates capital Loss as under-

Sales Consideration  3000

Less: Cost of Acquisition  5000

Net STCL = -2000

He is not entitled to claim such STCL. However Rs. 2000 can be shown as cost towards bonus shares. 

Purchase date : Within 3 months before the record date 

Sale Date : Within 9 months from the Record date. 

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Paras Bafna sir - for bonus stripping, if shares were purchased 3 months + 1 day, before record date, would any of these provisions apply?

The conditions prescribed U/s 94(7) are cummulative in nature and as such if any of the condition is not met by the assessee, section doesn't apply to him.