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2013 (12) TMI 650 - AT - Income TaxWhether income from share transaction to be treated as business income or income from capital gains – Held that:- The assessee has not purchased, sold and repurchased the same scrips – The assessee’s intention was that of an investor - The assessee has not taken any loan from any person for the purposes of purchasing shares - The assessee has sold shares after substantial capital appreciation – Decided against Revenue.
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