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1978 (10) TMI 80 - AT - Income TaxExtract: .......on the nationalisation of general insurance. The assessee could not have continued to retain these shares any more. On facts, we cannot, therefore, hold that the assessee was a dealer in shares or that he held the shares as stock-in-trade in such a business of dealing in shares. Here also we agree with the AAC. The Departmental appeal is dismissed.
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