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2012 (5) TMI 434 - ITAT, MUMBAI
Business income or Capital gain - shares - investment or stock in trade - Held that:- as long as shares are acquired on the grounds of business expediency, any loss on sale thereof is also required to be treated as an admissible business deduction - Tribunal held that the investment was made by way of commercial expediency for the purpose of carrying on the assessee's business and that, therefore, the loss suffered by the assessee on the sale of the investment must be regarded as a revenue loss - Appeal is dismissed