https://www.taxtmi.com/caselaws?id=6324 A loss from share dealings is treated as a trading loss when the evidence shows the shares were bought and sold as part of the taxpayer's business rather than for an extraneous controlling purpose. The fact-finding authorities accepted that the transactions were business operations, and that conclusion was upheld because the characterisation of a loss as trading loss is primarily a question of fact. Such a finding will not be disturbed unless relevant material is ignored or irrelevant material is relied upon. en-us Mon, 26 Jul 1971 00:00:00 +0530 Wed, 01 Nov 2017 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6324 A loss from share dealings is treated as a trading loss when the evidence shows the shares were bought and sold as part of the taxpayer's business rather than for an extraneous controlling purpose. The fact-finding authorities accepted that the transactions were business operations, and that conclusion was upheld because the characterisation of a loss as trading loss is primarily a question of fact. Such a finding will not be disturbed unless relevant material is ignored or irrelevant material is relied upon. Case-Laws Income Tax Mon, 26 Jul 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6324