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1997 (10) TMI 394 - AT - Income TaxExtract: .......sessee sought to trade in this share. At any rate, there is no tax effect. Even as per the assessee, it is of the nature of a short-term capital gain. However, as the ground is taken, we have to allow this ground. 24. Subject to the above remarks, about ₹ 49 in respect of fractional share in Manjshree Plantation Ltd., the appeal is dismissed.
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