Court held that sale of bonds were part of the business of trading in shares and securities hence rightly held as allowable as business loss. No substantial question of law. (AY. 1997 -98 )
CIT v. Appollo Tyres Ltd. (No. 4) (2019) 416 ITR 564 (Ker.)(HC)
S. 28(i) : Business loss–Loss on sale of bonds–Held to be business loss.