IT : Whether shares sold on which loss was suffered by assessee was stock in trade giving rise to business loss or capital asset giving rise to capital loss would depend upon intention with which shares were acquired by assessee

IT : Whether shares sold on which loss was suffered by assessee was stock in trade giving rise to business loss or capital asset giving rise to capital loss would depend upon intention with which shares were acquired
by assessee

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[2013] 36 taxmann.com 112 (Kolkata - Trib.)

IN THE ITAT KOLKATA BENCH 'B'

Income-tax Officer, Ward-5(3), Kolkata

v.

Bunty Holdings (P.) Ltd.*