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2016 (10) TMI 1003 - BOMBAY HIGH COURT

2016 (10) TMI 1003 - BOMBAY HIGH COURT - TMI - Appeal admitted on the following reframed substantial question of law: - Whether on the facts and circumstances of the case and in law, the Tribunal was justified in directing the AO to treat the profit arising on the frequent and voluminous transactions initiated with borrowed funds in shares as 'Short Term Capital Gain' instead of 'Business Income'?. - INCOME TAX APPEAL NO.869 OF 2014 - Dated:- 18-10-2016 - M.S.SANKLECHA, & S.C.GUPTE, JJ .....

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