TMI BlogSale of investments - Short term capital gain V/S business income - The assessee has accounted for...Sale of investments - Short term capital gain V/S business income - The assessee has accounted for these investments in shares as capital asset in its books of accounts - The same has also been declared in the financial statements as capital asset - gain arising on sale of investment will be chargeable as capital gain and not as business income - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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