TMI BlogCourt Rules Share Purchase with Borrowed Funds Doesn't Prove Trading Intent; Source of Funds Not Decisive for Income Classification.Capital gain or business income - Sale of Shares - The shares had been purchased out of borrowed funds and yet the Apex Court held that the same would not by itself indicate/evidence an intent to deal in shares. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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