Treatment of securities--Stock-in-trade or investment - Income Tax - 610/1991

Treatment of securities--Stock-in-trade or investment Circular No. 610 Dated 31/7/1991 Consequent to the judgment of the Supreme Court in the case of Vijaya Bank Limited v. CIT [1991] 187 ITR 541 (SC), Circular No.599, dated 24th April, 1991 (See [1991] 189 ITR (St.) 126, of the Central Board of Direct Taxes, New Delhi, may be treated as withdrawn, (Sd.) Nishi Nair, Under Secretary to the Govt. of India