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1990 (4) TMI 288 - HC - Income TaxExtract: ....... of share purchase and sale of shares was carried on by the company. To the extent such business was carried on, the business of the assessee-company must be treated as speculation business. 7. In that view of the matter, the question is answered in the negative and in favour of the revenue. There will be no order as to costs. Banerjee, J.-I agree.
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