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2013 (12) TMI 1211 - DELHI HIGH COURTWhether purchase and sale of shares are speculative transaction - Held that:- The assessee was engaged in the business of trading of crafts paper, installation, job work, consultancy and commission - The transaction whereby it purchased the shares and incurred loss on account of the fall in the value of the share was a solitary one - The Tribunal has recorded its finding that the transaction did not constitute the business carried on by the company, cannot be termed as perverse or unreasonable - No substantial question of law arises - Decided against Revenue.
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