https://www.taxtmi.com/caselaws?id=5939 SC allowed the appeal, set aside the HC judgment, and held the loss on sale of the government loan was a revenue loss, not a capital loss. Relying on the Appellate Tribunal's factual findings-close timing and nexus between the investment and receipt of government orders-the Court found the investment was made as a commercial expedient to further the assessee's business and did not confer enduring benefit. The Tribunal was correct to allow the appeal; the question referred to the HC is answered in favour of the assessee and against the Revenue. en-us Wed, 16 Jul 1986 00:00:00 +0530 Wed, 29 Oct 2025 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5939 SC allowed the appeal, set aside the HC judgment, and held the loss on sale of the government loan was a revenue loss, not a capital loss. Relying on the Appellate Tribunal's factual findings-close timing and nexus between the investment and receipt of government orders-the Court found the investment was made as a commercial expedient to further the assessee's business and did not confer enduring benefit. The Tribunal was correct to allow the appeal; the question referred to the HC is answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 16 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5939