1971 (8) TMI 38

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..... ENT HEGDE J.-- This appeal by certificate arises from the decision of the Allahabad High Court in Civil Misc. Writ Petition No. 228 of 1962. The assessee was assessed to income-tax for the assessment year 1959-60. He claimed a loss of ₹ 37,306 on account of speculation in gold, silver, etc., and urged that the said speculative loss should be deducted from his other business incom .....

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