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2011 (5) TMI 971 - AT - Income TaxExtract: ....... the CIT(A) has treated the sale and purchase of only shares as trading activities. Considering the entirety of facts and circumstances we confirm the order of CIT(A) holding the purchases and sales of shares as business activity. 5. In the result the appeal of the assessee is dismissed. The decision was pronounced in the open court on 25 .05.2011.
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