https://www.taxtmi.com/caselaws?id=119584 The Tribunal upheld the classification of shares as investments and treated the resulting loss as a capital loss. The AO was directed to determine the fair market value of the shares at the date of conversion for computing capital gains and business profits. The appeal was partly allowed for statistical purposes. en-us Wed, 28 Feb 2007 00:00:00 +0530 Wed, 11 Jul 2012 18:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119584 The Tribunal upheld the classification of shares as investments and treated the resulting loss as a capital loss. The AO was directed to determine the fair market value of the shares at the date of conversion for computing capital gains and business profits. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119584