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1993 (7) TMI 41 - CALCUTTA HIGH COURT
Extract:
.......trading transactions inclusive of interest paid on borrowed monies attributable to that business was rightly treated by the Tribunal as a loss in speculative business. For the foregoing reasons, we answer the question in this reference in the affirmative and in favour of the Revenue. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
