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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Conversion of shares from stock-in-trade to investments - Once ...

Income Tax

February 16, 2013

Conversion of shares from stock-in-trade to investments - Once the shares were held as investments, the gains arising out of the sale of investment were to be assessed under the head capital gains and not under the head business profits. - HC

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