TMI BlogCIT-A having struck down the action of the AO in taxing short term capital gains, had proceeded to make...CIT-A having struck down the action of the AO in taxing short term capital gains, had proceeded to make some observations, to somehow bring to tax the short term capital gains, which in our considered opinion, cannot be done as per law at all. - the observations of the CIT-A deserves to be expunged. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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