https://www.taxtmi.com/highlights?id=23577 Treatment to the losses on sale of share as "capital loss" - Assessee has in its books treated the shares as investment and accordingly valued the shares at cost and therefore its contention of holding the shares at stock in trade is also not supported by the method of accounting and its valuation - auditor has also certified that there is no conversion of capital asset to stock in trade. - AT en-us Tue, 30 Jun 2015 10:12:11 +0530 Tue, 30 Jun 2015 10:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=23577 Treatment to the losses on sale of share as "capital loss" - Assessee has in its books treated the shares as investment and accordingly valued the shares at cost and therefore its contention of holding the shares at stock in trade is also not supported by the method of accounting and its valuation - auditor has also certified that there is no conversion of capital asset to stock in trade. - AT Highlights Income Tax Tue, 30 Jun 2015 10:12:11 +0530 https://www.taxtmi.com/highlights?id=23577