2011 (9) TMI 744

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.... that the income arising on transfer of shares were liable to be assessed as short term capital gains/long term capital gains instead of assessing the same as business income, is the question raised in this appeal.   2. The assessment year involved herein in AY 2006-07.   3. The assessee is a marine consultant. He had carried on the business of trading in shares and had also made i....