1971 (7) TMI 10

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..... ve business against profit of non-speculative business - we answer that question in the negative and in favour of the department - Civil Appeal No 1357 of 1967. - - - Dated:- 21-7-1971 - K. S. HEGDE and A. N. GROVER JJ. JUDGMENT This is an appeal by certificate. The question for decision in this appeal is whether the assessee is entitled to set-off the loss of ₹ 21,881 incurred b .....

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..... rasad requires to be reconsidered. After hearing him, we are not satisfied that there is any ground for reconsidering that decision. In the result, this appeal is allowed and the answer given by the High Court to question No. 1 referred to it, namely, whether, on the facts of the case, the loss of ₹ 21,881 in Tata deferred (speculative transaction) is an admissible deduction in the determ .....

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