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1993 (9) TMI 72 - HC - Income TaxExtract: .......no such finding, payment of the above amount cannot be treated as loss from speculation business. Explanation 2 to section 28 and section 73 of the Act are, therefore, not attracted. Having regard to our above opinion, we answer question No. 2 in the affirmative, i.e., in favour of the assessee and against the Revenue. We make no order as to costs.
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