Assistant Commissioner of Income Tax Versus M/s. Verve Engineering Pvt. Ltd. - Income Tax - ITAT DELHI - Tri - Investment in shares - Claim for interest paid on loan taken for investments - Held that - The shares were kept by the assessee as investment and not as stock-in-trade - The assessee borrowed the money not for the purpose of business but for the purpose of investment in the shares of another company - The funds borrowed were invested in the shares of M/s Den Networks Ltd. The investment................................... Income Tax - Case Laws
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