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2004 (11) TMI 509 - ITAT HYDERABAD
Extract:
.......rsquo indicate that the shares were held as lsquo investment rsquo and not as lsquo stock-in-trade rsquo . We, therefore, accept the contention of the assessee that the profit/loss on sale of shares is assessable to tax under the head lsquo capital gains rsquo . The Assessing Officer is directed accordingly. 7. In the result, the appeal is allowed.