https://www.taxtmi.com/caselaws?id=36733 A transfer of shares from a trading account to an investment account did not, by itself, give rise to an allowable trading loss. The internal movement of stock-in-trade was not a sale or other commercial transaction with a third party, so no real profit or loss was crystallised at that stage. Any loss could arise only when the shares were later dealt with in the investment account and an actual gain or loss was realised. The claimed amount was therefore not deductible as a trading loss, and the issue was decided against the assessee. en-us Fri, 21 Jul 1978 00:00:00 +0530 Wed, 25 Jun 2025 12:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36733 A transfer of shares from a trading account to an investment account did not, by itself, give rise to an allowable trading loss. The internal movement of stock-in-trade was not a sale or other commercial transaction with a third party, so no real profit or loss was crystallised at that stage. Any loss could arise only when the shares were later dealt with in the investment account and an actual gain or loss was realised. The claimed amount was therefore not deductible as a trading loss, and the issue was decided against the assessee. Case-Laws Income Tax Fri, 21 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36733