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2003 (2) TMI 429 - AT - Income TaxExtract: ....... of any material brought on record by the Assessing Officer to prove that assessee had entered into other speculative transactions, even if impugned transaction is taken as speculative, the loss cannot be disallowed but set off the said loss out of non-speculative business. 14. On the basis of above discussion the appeal of the assessee is allowed.
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