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2007 (7) TMI 258 - HC - Income TaxShare/stock broker - maintaining separate books of account for the trading in shares as well as investments in shares - assessee is carrying on the business only in the name and style of "Brilliant and Company" - payments in shares have been done by the assessee in his personal account -it was found that assessee has been holding shares for a long time and has been utilising the surplus funds only for the investments – held that profit earned on sale of surplus shares will attract capital gains
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