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2011 (8) TMI 1216 - AT - Income TaxIncome arising from transfer of shares as “Income from Capital Gains” instead of as “Income from Business & Profession” - Held that:- CIT(A) has rightly come to the conclusion that the transactions in question are investment in nature and therefore, income from sale of the shares of the 3 companies made during the year requires to be taxed as income under the head “capital gains”.
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