https://www.taxtmi.com/caselaws?id=7589 Whether a loss on share transactions is trading or capital in nature depends on the assessee's intention, as shown by surrounding facts and conduct. On the stated facts, borrowed funds, the pattern of purchases and sales, and the overall course of dealing were treated as indicators of share trading rather than investment or acquisition of a capital asset to preserve control. The Tribunal's finding was supported by material on record, and the High Court noted that such a mixed question would not be disturbed unless perverse or unsupported by evidence. Transfer charges were treated on the same footing as the share dealings and characterised as revenue expenditure. en-us Wed, 12 Feb 1969 00:00:00 +0530 Mon, 02 Mar 2009 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7589 Whether a loss on share transactions is trading or capital in nature depends on the assessee's intention, as shown by surrounding facts and conduct. On the stated facts, borrowed funds, the pattern of purchases and sales, and the overall course of dealing were treated as indicators of share trading rather than investment or acquisition of a capital asset to preserve control. The Tribunal's finding was supported by material on record, and the High Court noted that such a mixed question would not be disturbed unless perverse or unsupported by evidence. Transfer charges were treated on the same footing as the share dealings and characterised as revenue expenditure. Case-Laws Income Tax Wed, 12 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7589