Profit from sale of shares was capital gain if it was shown as investment in balance sheet: HC

INCOME TAX: Where assessee, a medical practitioner by profession, used interest free funds obtained from her father for purchasing shares and had shown shares as investment in balance sheet and, further, in case of fall in value of shares, same was not claimed as a business loss, profit arose on sale of such shares was to be treated as capital gain and not as business income

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