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1985 (10) TMI 60 - HC - Income TaxExtract: .......969-70 was not a speculative transaction within the meaning of section 43(5) of the Act and it further erred in deleting the said amount. In view of what we have said above, both the questions are answered in the negative, that is, in favour of the Department and against the assessee. The Department will have its costs, counsel s fee being Rs. 300.
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