https://www.taxtmi.com/caselaws?id=28818 A share dealer's losses from purchase, revaluation and sale of shares were treated as revenue losses because shares acquired in the course of business ordinarily form part of stock-in-trade unless the transactions are shown to be outside the ordinary course or to amount to capital investment. The factual indicators, including the nature of the dealings, purchase and sale prices, use of borrowed funds and short holding period, supported the commercial character of the transactions. On that basis, the losses were not capital in nature, and they could be carried forward and set off in later assessment years. en-us Mon, 24 May 1982 00:00:00 +0530 Fri, 26 Feb 2010 11:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28818 A share dealer's losses from purchase, revaluation and sale of shares were treated as revenue losses because shares acquired in the course of business ordinarily form part of stock-in-trade unless the transactions are shown to be outside the ordinary course or to amount to capital investment. The factual indicators, including the nature of the dealings, purchase and sale prices, use of borrowed funds and short holding period, supported the commercial character of the transactions. On that basis, the losses were not capital in nature, and they could be carried forward and set off in later assessment years. Case-Laws Income Tax Mon, 24 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28818