https://www.taxtmi.com/caselaws?id=182511 Shares were treated as investment rather than stock-in-trade because they were not reflected as trading stock, there was no finding of conversion, and the Tribunal applied established indicators such as source of funds, mode of acquisition, holding period, past treatment, absence of repurchase, and the assessee's consistent intention. On those facts, the transactions were held not to constitute an adventure in the nature of trade, so Revenue interference was unwarranted and no substantial question of law arose. en-us Wed, 18 Apr 2001 00:00:00 +0530 Thu, 12 May 2016 12:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182511 Shares were treated as investment rather than stock-in-trade because they were not reflected as trading stock, there was no finding of conversion, and the Tribunal applied established indicators such as source of funds, mode of acquisition, holding period, past treatment, absence of repurchase, and the assessee's consistent intention. On those facts, the transactions were held not to constitute an adventure in the nature of trade, so Revenue interference was unwarranted and no substantial question of law arose. Case-Laws Income Tax Wed, 18 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182511