New India Indus tries 6,91,084 6,96,883 6,96,883 6,96,883 2.Cotton Fabrics Ltd. (i) Ordinary shares 3,69,285 3,69,2853,69,2853,69,275 (ii) Preference shares 88,46388,46390,48390,483 Total 11,48,83211,54,63111,56,65111,56,651 Shares of other companies Treated by the Income tax Department as held for dealing in shares (stock in trade). 25,07,96930,13,51829,88,94636,07,063 Total investment as per balance sheet 36,56,80141,68,14941,45,59747,63,714" It is true that the assets used by the assessee company in its share dealing are far more than that used by it for investment in the shares of the managed company.