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2004 (12) TMI 285 - ITAT AHMEDABAD-A
Extract:
.......ealing with the assessee s appeal that the transactions are not speculative nor they are tainted with any illegality which could be disallowed by virtue of Explanation below section 27(1) of the Act. It is accordingly rejected. 66. In the result, the assessee s appeal is partly allowed. The appeal and cross objection filed by Revenue are dismissed.
