Determination of dealers in shares.

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..... ir 206th Report has inter-alia commented that the Central Board of Direct Taxes should issue necessary guidelines to the field formations on the tests to be applied to determine who are dealers-in sha .....

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..... ne who are dealers in shares. The assessing officers are, however, directed to examine all aspects of the matter and determine whether or not the shares acquired by the tax-payer represent his trading .....

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