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Surplus arising to distributor of books from dealing in shares was capital gain if shares were held as investments

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Posted onon July 1, 2014

Tenet Tax Daily June 28 2014

By tenettax-team
Corporate Tax

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Case remanded to decide if letting out of commercial complexes were business income or income from house property
Brokerage exp. to identify a tenant for under construction building couldn’t be allowed under sec. 37(1)

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