Loss on purchase and sale of units of mutual fund cannot be treated as speculation loss

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8. We have heard both the parties and gone through the material available on records. The assessee is engaged in rendering Business & Management Consultancy and Marketing Services to its various clients against payment of professional fees. The assessee invested Rs 2,00,00,000/ – in 14,38,848.929 units of Sun F &C fund. The dividend of Rs. 43,16,546. 70 received on 22.02.2001 was also reinvested in 4,09,151.252 units of the said

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