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2013 (11) TMI 119 - AT - Income TaxCapital Gain to be assessed under the head “capital gains” or “business income” – sale of Shares, Units and Securities through Portfolio Management Services(PMS) - Held that:- Following Manan Nalin Shah Versus DCIT 14(1), Mumbai [2012 (9) TMI 793 - ITAT MUMBAI] - Income earned by the assessee-trust through PMS has to be assessed under the head capital gains and not under the head income from business or profession – Decided in favour of assesse.
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