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2013 (12) TMI 68 - ITAT BANGALORESale of shares - Capital gains or business income - Held that:- Following CIT v. Niraj Amidhar Surti [2010 (10) TMI 15 - GUJARAT HIGH COURT] - The assessee had held the shares in question for a long period for the purpose of long-term capital gain, the intention of the assessee had always been that of making investment in shares and not dealing in shares, which was also apparent from the fact that the shares had not been treated as stock in trade by the assesse - Decided against Revenue.
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