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2016 (10) TMI 990 - AT - Income TaxDetermination of principal business of the assessee - Held that:- In the instant case, the principal business of the assessee is trading in shares as held that there was loss of ₹ 1.80 crores from the trading of the shares and income from the other activities are lower than the loss claimed by the assessee. Therefore we conclude that principal business of the assessee is the business of trading in shares.
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