Amendment of Section 2

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....(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 preceding the date o....

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.... (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) In respect of capital assets other than those....