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Case Law Details

Case Name : ITO Vs Bijay Paper Traders & Investments Ltd. (ITAT Delhi)
Related Assessment Year :
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RELEVANT PARAGRAPH

4. From the record, we found that during the relevant year under consideration, the assessee was continuously engaged in the activity of financing, trading and real estate and had also undertaken transaction of purchase and sale of shares. It had earned income from paper trading including commission and service charges amounting to Rs. 4.78 lakhs, interest income of Rs. 42.56 lakhs, dividend income of Rs. 0.26 lakhs, profit on sale of mutual funds Rs. 44.90 lakhs and suff

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