2005 (4) TMI 45

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.... - -<br>Income Tax<br>Judge(s)&nbsp; : MARKANDEY KATJU., F. M. IBRAHIM KALIFULLA. JUDGMENT The judgment of the court was delivered by MARKANDEY KATJU C.J.- Heard counsel for the parties. The quest....

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....es in question were never treated by the assessee as stock-in-trade and they were held for earning dividend only. A company can hold some shares as stock-in-trade for the purpose of doing business of ....