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2010 (11) TMI 987 - ITAT AHMEDABAD
Extract:
.......rt term capital gains. Thus sum of ₹ 59,69,498/- is treated as long term capital gains and Rs.(-) 1,70,841/- as short term capital loss and ₹ 2,94,847/- as business profit. Accordingly appeal of the Revenue is partly allowed. 8. In the result, appeal filed by the Revenue is partly allowed. Order was pronounced in open Court on 12.11.10.