TMI BlogIncome derived from the sale of equity shares - business income or Long Term Capital Gain - the said...Income derived from the sale of equity shares - business income or Long Term Capital Gain - the said equity shares not only for one year but for more than 16 years and that the shares were listed shares, the income derived from their transfer has rightly been treated as Long Term Capital Gain and not as business income. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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