https://www.taxtmi.com/caselaws?id=6302 Shares acquired and retained for about 14 years, recorded in the accounts as investments and not sold despite earlier price rises, were treated as investment assets rather than stock-in-trade. On those proved facts, the Tribunal drew a reasonable inference that the loss on sale was capital in nature, not a trading loss, and that mixed question of law and fact was upheld against the assessee. The assessee's claim to revenue treatment therefore failed, and the characterisation of the loss as capital loss was sustained. en-us Thu, 26 Aug 1971 00:00:00 +0530 Wed, 03 Dec 2008 23:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6302 Shares acquired and retained for about 14 years, recorded in the accounts as investments and not sold despite earlier price rises, were treated as investment assets rather than stock-in-trade. On those proved facts, the Tribunal drew a reasonable inference that the loss on sale was capital in nature, not a trading loss, and that mixed question of law and fact was upheld against the assessee. The assessee's claim to revenue treatment therefore failed, and the characterisation of the loss as capital loss was sustained. Case-Laws Income Tax Thu, 26 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6302