LTCG and STCG from shares held as investments to be taxed as capital gains per CBDT Circular, not business income.

Taxability of LTCG & STCG as business income - assessee had treated the shares as investment, the number of transactions during the year were not large and held the shares for reasonably long period before selling - in view of CBDT Circular dated 29.2.2016, same shall not be put to the dispute by AO - taxable as capital gain .....

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