Assessee can maintain two separate portfolios, one for investment & other for business of dealing in shares

The ld. Counsel for the assessee has furnished before us the details of transactions in shares made by the assessee in the year under consideration as well as in the immediately preceding year i.e. A.Y. 2006-07 to show that the nature of transactions including their frequency, holding period etc was similar in both these years. He has invited our attention to the copy of Assessment Order passed by the AO for A.Y.2006-07 to show that the claim of the assessee for Short Term Capital Gain amounting to 25,67,008/- on sale of shares in the identical facts and circums

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