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2011 (5) TMI 991 - AT - Income TaxExtract: .......he profits earned on sale of shares held as investment will be assessable under the head ‘short term capital gains’ and not as ‘business income’. We, therefore, decide this issue in favour of the assessee. 7. In the result, the appeal filed by the assessee is allowed. The order pronounced in the open court on 13th May, 2011.
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