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2010 (10) TMI 1205 - ITAT BANGALOREExtract: .......y on conversion of the asset is the shares held by the assessee company as stock-in-trade. Therefore, we find that the Assessing Officer is justified in bringing the surplus amount for taxation as business income. 8. In result, this appeal filed by the assessee is dismissed. Order pronounced on Thursday, the 07th day of October, 2010, at Bangalore.
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