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Treatment of securities--Stock-in-trade or investment

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....larifications on the following issues have been sought by banks from the Central Board of Direct Taxes: (i) Whether the securities held by the banks constitute their stock-in-trade or investment, and....

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Full Text of the Document

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....t the securities must be regarded as stock- in-trade by the banks. Therefore, the claim of loss, if debited in the books of account, would be given the same treatment as is normally given to the stock....

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Treatment of securities--Stock-in-trade or investment