https://www.taxtmi.com/caselaws?id=121382 The Tribunal partly allowed the appeal. It upheld the decision on treating the loss from share trading as speculative loss due to the lack of actual delivery of shares. The issue of devaluation of shares was remanded for verification to determine if they were held as stock-in-trade or investments. The gain from the sale of Indira Vikas Patra (IVPs) was directed to be treated as capital gain instead of interest income, as IVPs were considered capital assets. en-us Fri, 29 May 2009 00:00:00 +0530 Mon, 30 Jul 2012 13:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121382 The Tribunal partly allowed the appeal. It upheld the decision on treating the loss from share trading as speculative loss due to the lack of actual delivery of shares. The issue of devaluation of shares was remanded for verification to determine if they were held as stock-in-trade or investments. The gain from the sale of Indira Vikas Patra (IVPs) was directed to be treated as capital gain instead of interest income, as IVPs were considered capital assets. Case-Laws Income Tax Fri, 29 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121382