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2012 (12) TMI 1186 - ITAT DELHIExtract: .......been carried out on NSE which is recognized for such transactions. Hence loss on such transactions is a business loss and same has to be allowed set off.” 9. We uphold this finding and dismiss ground nos. 3 and 4 of the Revenue. 10. In the result the appeal by the Revenue is dismissed. Order pronounced in the Open Court on 14th December,2012.
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