Exemption u/s 10(38) - New shares are purchased deploying funds realized on the sale of such shares. To...

Exemption u/s 10(38) - New shares are purchased deploying funds realized on the sale of such shares. To contend, therefore, of some such shares as being capital assets on the premise that the same are sold beyond one year of their purchase, is, therefore, clearly untenable. - AT .....

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