https://www.taxtmi.com/caselaws?id=65512 The Tribunal affirmed that the shares held by the investment company were classified as investments, not trading stock, resulting in the loss being assessed under "Income from other sources." As a consequence, the claim for carrying forward the loss as a business loss was disallowed. The Tribunal upheld the Assessing Officer's decision, emphasizing the treatment of shares in the company's books and the lack of systematic business activity related to the investments. en-us Fri, 25 Jul 2008 00:00:00 +0530 Tue, 05 Nov 2013 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65512 The Tribunal affirmed that the shares held by the investment company were classified as investments, not trading stock, resulting in the loss being assessed under "Income from other sources." As a consequence, the claim for carrying forward the loss as a business loss was disallowed. The Tribunal upheld the Assessing Officer's decision, emphasizing the treatment of shares in the company's books and the lack of systematic business activity related to the investments. Case-Laws Income Tax Fri, 25 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65512