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1968 (6) TMI 9 - CALCUTTA HIGH COURTExtract: ....... these premises, the assessee s transactions were speculative transactions within the meaning of Explanation 2 to section 24(1). The answers to the questions framed in this reference are, therefore, as follows Question No. 1... Yes. Question No. 2... Yes. The assessee will pay to the Commissioner his costs of this reference. CHATTERJEE J. -I agree.
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