Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06
80M of the Act. 51. We have heard Ld.counsel for the assessee and Ld. Departmental Representative. It is not in dispute that the 29 I.T.A. Nos.1340 & 1341/Mds/13 I.T.A. Nos. 1496 & 27/Mds/13 investment made by the assessee in shares and securities has to be classified as stock-in-trade. Once the investment was classified as stock-in-trade, all the expenditure