Taxpayer's Asset Gains Taxed as Short-Term Due to Less Than 36-Month Holding After Conversion.

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....Capital gains - LTCG or STCG - though the assessee claimed to have converted the asset in to investment in books of accounts, it continued to claim the maintenance expenses as business expenditure. Even otherwise also from the date of conversion of the asset it was held as capital asset in the hands of the assessee for less than 36 months - To be taxed as STCG - AT....