Promoter holding shares with sole motive of retaining the control can not be recognized as stock in trade

ACIT vs. Pal Enterprises Pvt. Ltd., ITA Nos. 1994/Mum/2005, Bench – ‘H’, A.Y. 01–02,
dt. 20-10-2008 – BCAJ p. 518, Vol. 40-B, Part 4, January 2009