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2016 (10) TMI 6 - AT - Income TaxSale of shares - business income or capital gain - Held that:- Gain arising from the sale of shares held by the assessee for not more than twelve months shall be held to be short term capital gain chargeable to tax under the head ‘Capital Gains’ and not as income from business chargeable to tax under the head ‘Profits and gains of Business or Profession’ as was held by the AO.
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