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2008 (3) TMI 407 - ITAT BANGALORE-AExtract: .......02 - 25 of shares 1st Jan., 2003 - 30 of shares 19. Hence, in respect of 30 per cent of shares, the period of holding will be less than 12 months and profit arising in respect of such shares will have to be treated as short-term. In respect of other shares, the profit will have to be treated as long-term. In the result, the appeal is party allowed.
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