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1970 (4) TMI 13 - SC - Income TaxBusiness Profits - while computing the income, profits and gains of the year of assessment under s. 10(1), the assessee is not entitled to set-off speculative losses against profits from other business activities of the same year - order of the ITO directing that the income of the partners and the shares allocated to the minors admitted to the benefit of the partnership shall be assessed in the hands of the respective HUF was plainly without jurisdiction - Revenue's appeal allowed partly
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