Court Rules Share Purchase with Borrowed Funds Doesn't Prove Trading Intent; Source of Funds Not Decisive for Income Classification. https://www.taxtmi.com/highlights?id=14408 Capital gain or business income - Sale of Shares - The shares had been purchased out of borrowed funds and yet the Apex Court held that the same would not by itself indicate/evidence an intent to deal in shares. - HC en-us Tue, 10 Sep 2013 10:30:20 +0530 Tue, 10 Sep 2013 10:30:20 +0530 TaxTMI RSS Generator Court Rules Share Purchase with Borrowed Funds Doesn't Prove Trading Intent; Source of Funds Not Decisive for Income Classification. https://www.taxtmi.com/highlights?id=14408 Capital gain or business income - Sale of Shares - The shares had been purchased out of borrowed funds and yet the Apex Court held that the same would not by itself indicate/evidence an intent to deal in shares. - HC Highlights Income Tax Tue, 10 Sep 2013 10:30:20 +0530 https://www.taxtmi.com/highlights?id=14408