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1971 (7) TMI 10 - SC - Income TaxWhether the loss of ₹ 21,881 in speculative transaction is an admissible deduction in the determination of the net income, profits and gains from " business " under section 10 - assessee is not entitled to set off loss of speculative business against profit of non-speculative business - we answer that question in the negative and in favour of the department
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