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2019 (3) TMI 809 - AT - Income TaxGains earned from share transactions engaging PMS [Portfolio Management Service] - characterization of income - correct head of income - capital gain or busniss income - HELD THAT:- As decided in own case in A.Y. 2010-11 we confirm the order of CIT(A) holding the activity of purchase and sale of shares by engaging PMS constitutes an investment activity and the resultant gain/loss is assessable under the head capital gains - Decided against revenue
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