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2005 (11) TMI 433 - AT - Income TaxExtract: ....... part of stock in trade. Since, this finding of CIT(A) is not controverted, we uphold his decision that income from sale and purchase of shares is taxed under the head lsquo Capital gains rsquo . In view of this, this ground of revenue is also rejected. 19. Finally, the appeal filed by the assessee is allowed and that filed by revenue is dismissed.
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