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1987 (4) TMI 30 - HC - Income TaxExtract: .......ainst the assessee and in favour of the Revenue, as under On the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was not right in law in treating the loss of Rs. 13,050 in groundnut oil as a trading loss. The said loss was in the nature of loss sustained in a speculative transaction. There will be no order as to costs.
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