https://www.taxtmi.com/article/detailed?id=216 Investment activity that is organised, systematic and involves deployment of capital and personnel may assume the character of a business or an adventure in the nature of commerce; assets are capital assets unless expressly excluded or treated as stock-in-trade, and the assessee may convert or treat capital assets as stock-in-trade with tax consequences on sale; incomes and expenses of organised investment activity must be classified under the appropriate heads and business expenses wholly and exclusively incurred for such activity are allowable. en-us Sat, 01 Nov 2008 00:00:00 +0530 Mon, 03 Nov 2008 10:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=216 Investment activity that is organised, systematic and involves deployment of capital and personnel may assume the character of a business or an adventure in the nature of commerce; assets are capital assets unless expressly excluded or treated as stock-in-trade, and the assessee may convert or treat capital assets as stock-in-trade with tax consequences on sale; incomes and expenses of organised investment activity must be classified under the appropriate heads and business expenses wholly and exclusively incurred for such activity are allowable. Articles Income Tax Sat, 01 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=216