https://www.taxtmi.com/caselaws?id=38283 The court ruled in favor of the assessee, determining that the loss incurred from the sale of shares was of a revenue nature. The court considered various factors, including the quick sale of shares after dividend declaration and the intention to profit quickly from dividends. Emphasizing the distinction between capital accretion and profit-making transactions, the court concluded that the transaction was not a capital investment but rather an adventure in the nature of trade. The judgment was unopposed, and no costs were awarded. The second judge concurred with the decision without additional comments. en-us Tue, 04 Oct 1977 00:00:00 +0530 Mon, 05 Apr 2010 12:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38283 The court ruled in favor of the assessee, determining that the loss incurred from the sale of shares was of a revenue nature. The court considered various factors, including the quick sale of shares after dividend declaration and the intention to profit quickly from dividends. Emphasizing the distinction between capital accretion and profit-making transactions, the court concluded that the transaction was not a capital investment but rather an adventure in the nature of trade. The judgment was unopposed, and no costs were awarded. The second judge concurred with the decision without additional comments. Case-Laws Income Tax Tue, 04 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38283