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1967 (2) TMI 24 - HC - Income TaxThere was no material for the finding that the shares in question were purchased by the assessee with a view to acquire the managing agency, and the control of the company - so, the shares constituted the stock-in-trade of the assessee - held that the profit by the sale of the shares could not constitute capital gain chargeable to income-tax under section 12B of the Act because they are chargeable as profits under section 10
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