TMI BlogTransaction of shares - Assessment of income - the shares held by the assessee trust are capital assets...Transaction of shares - Assessment of income - the shares held by the assessee trust are capital assets in its hands and gain arising on the transfer of these shares by the assessee trust, shall be taxable under the head income from the capital gains in the hands of assessee trust. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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