TMI BlogBusiness income vs. capital gain - net surplus shown by the assessee is the capital gain on account of...Business income vs. capital gain - net surplus shown by the assessee is the capital gain on account of the sale/redemption of the assessee's investment and the same is taxable under the head 'capital gains' and not as business income. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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