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2014 (9) TMI 1031 - HC - Income TaxDisallowance of loss in commodity future trading - Appellate Tribunal reversing the decision of the CIT (A) upholding the disallowance of the loss in commodity future trading claimed to have been incurred by the assessee in the course of its business - Held that:- In the light of the factual matrix and the judicial pronouncements discussed hereinabove, the transactions entered into by the respondent – assessee when are held to be genuine and not disputed by Revenue and they have taken place on the floor of the MCX, the Tribunal as a fact-finding authority, adjudicated these questions of facts on the basis of the relevant material presented before the authorities, there being no perversity in such decision of the Tribunal, there is no reason to interfere with, inasmuch as, no substantial question of law, can be stated to arise out of the impugned order of the Tribunal. - Decided against revenue
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