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1979 (10) TMI 3 - SC - Income TaxWhether the loss of Rs. 1,03,688 was the result of speculative transactions within the meaning of Explanation 2 to section 24(1) of the Indian Income-tax Act, 1922, and, therefore, was not allowable to be set off under section 24(1) - Transactions of sale and purchase were settled by handing over delivery orders and payment by cheque - question is answered in favour of revenue
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