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2011 (5) TMI 983 - ITAT AHMEDABADExtract: .......he ld. CIT(A) is justified in confirming the action of AO in making disallowance of loss on derivatives of ₹ 26,14,405/- by treating it as speculative loss. Hence, we decline to interfere. This ground of appeal is accordingly rejected. 11. In the result, the appeal of the assessee is partly allowed. Order pronounced in the Court on 13.05.2011
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