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of <h1>Tax Appeal Decision: Trader vs. Investor Classification, Capital Gain, Business Income Treatment</h1> <h3>PR. COMMISSIONER OF INCOME TAX 1 Versus RAJENDRA SUGAMCHAND SHAH</h3> PR. COMMISSIONER OF INCOME TAX 1 Versus RAJENDRA SUGAMCHAND SHAH - TMI The Gujarat High Court admitted an appeal regarding the classification of transactions as trader or investor, treatment of income as capital gain or business income, and duration of share holding for tax purposes. Key questions of law raised include the treatment of transactions and income by the Income Tax Appellate Tribunal.
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