https://www.taxtmi.com/caselaws?id=8866 Whether loss on sale of shares is capital or trading loss depends on the totality of circumstances, including the assessee's treatment of the shares, the manner of purchase and sale, the period of holding, and the surrounding sale conditions. On the facts noted, loss on sale of S.K.G. Sugar Co. preference shares was treated as a trading loss because the shares were dealt with as stock-in-trade and sold through a broker at market price. By contrast, loss on Bengal Jute Co. preference shares was treated as capital in nature because prolonged holding and the nature of the transaction indicated an investment asset. en-us Thu, 24 May 1973 00:00:00 +0530 Tue, 16 Jun 2009 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8866 Whether loss on sale of shares is capital or trading loss depends on the totality of circumstances, including the assessee's treatment of the shares, the manner of purchase and sale, the period of holding, and the surrounding sale conditions. On the facts noted, loss on sale of S.K.G. Sugar Co. preference shares was treated as a trading loss because the shares were dealt with as stock-in-trade and sold through a broker at market price. By contrast, loss on Bengal Jute Co. preference shares was treated as capital in nature because prolonged holding and the nature of the transaction indicated an investment asset. Case-Laws Income Tax Thu, 24 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8866