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2006 (3) TMI 528 - AT - Income TaxExtract: .......d sale of shares is deemed to be a speculative loss of the assessee and would not be entitled any deduction from the business income of the assessee. Hence we reverse the order of the CIT(A) and restore back the order of the Assessing Officer. The grounds of appeal of the Revenue are allowed. 31. In the result, the appeal of the Revenue is allowed.
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