Determination of dealers in shares.

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...., 1986 The Public Accounts Committee in Para 67 of their 206th Report has inter-alia commented that the Central Board of Direct Taxes should issue necessary guidelines to the field formations on th....

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....o lay down guidelines on the tests to be applied to determine who are dealers in shares. The assessing officers are, however, directed to examine all aspects of the matter and determine whether or not....