2018 (5) TMI 1779

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....urt :-   Three grounds have been urged by the Revenue in seeking to assail the order of the Appellate Tribunal. The first ground is that the principal income of the respondent assessee is from speculation business and, as such, certain losses could not be set off otherwise than against gains from the same business. It was found, as a matter of fact, that more than 50 per cent of the busine....