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2016 (12) TMI 490 - AT - Income TaxIncome from sale of shares - capital gain of business income - Held that:- Interest of justice will be best served if the gain arising from the sale/purchase of shares which are held for a period of up-to 30 days from the date of purchase is to be treated as business income, while wherein the period of holding of shares is more than 30 days, the gains arising there-from would be treated as short term capital gain/long capital gain depending upon the period of holding as stipulated in the Act.
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