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1995 (3) TMI 20 - HC - Income TaxExtract: .......t be regarded as a speculative transaction. If we are correct in our view on this, there would thus be transfer of commodity to the buyer in the instant case and the transaction would be out of the mischief of clause (5) of section 43. In the result, we answer the question in the affirmative, i.e., in favour of the assessee and against the Revenue.
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