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2014 (9) TMI 393 - HC - Income TaxTrading in shares – Business profit or LTCG / STCG - Held that:- The CIT(A) as well as Tribunal rightly was of the view that the assessee was not engaged in the business of purchase and sale of shares - merely because in certain instances the shares were sold before the completion of a year was no reason to treat the income as arising from them as a business transaction when the assessee had duly shown it as short term capital gains - the intention of the assessee was to make an investment and not to carry on any trade or business in shares or securities – as such no substantial question of law arises for consideration – Decided against revenue.
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