https://www.taxtmi.com/caselaws?id=217060 The Tribunal ruled in favor of the appellant regarding the treatment of losses on shares as trading losses instead of capital losses. The Tribunal found that the shares were intended for investment based on the balance sheet, thus subjecting the losses to capital gains tax. However, the appellant's request to tax profits and losses from derivatives under 'capital gains' was dismissed due to insufficient evidence on the nature of those transactions. en-us Fri, 22 Jun 2012 00:00:00 +0530 Mon, 01 Oct 2012 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217060 The Tribunal ruled in favor of the appellant regarding the treatment of losses on shares as trading losses instead of capital losses. The Tribunal found that the shares were intended for investment based on the balance sheet, thus subjecting the losses to capital gains tax. However, the appellant's request to tax profits and losses from derivatives under 'capital gains' was dismissed due to insufficient evidence on the nature of those transactions. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217060