Amendment of Section 2

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....t, after clause (42), the following clause shall be inserted, namely : "(42A) short term capital asset means a capital asset held by an assessee for not more than twelve months immediately pr....

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Full Text of the Document

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.... the circumstances mentioned in clauses (i) to (iii) of section 49, there shall be included the period for which the asset was held by the previous owner referred to in the said section. (ii)....