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of <h1>CBDT Instructs Officers to Assess Share Dealers by Examining Financials, No Specific Tests Set for Dealer Identification.</h1> The Central Board of Direct Taxes (CBDT) issued instructions for assessing officers regarding the determination of dealers in shares. The Public Accounts Committee recommended that guidelines be provided to identify such dealers. However, the Board decided it is impractical to establish specific tests. Instead, assessing officers should thoroughly examine the taxpayer's financial statements to determine if shares are trading assets or investments, with particular attention to companies claiming dealer status. These instructions should be communicated to all relevant officers, and a Hindi version of the directive will be issued subsequently.
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