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2000 (10) TMI 7 - DELHI HIGH COURTExtract: .......clauses of the agreement dated February 27, 1967, the inevitable conclusion is that the amount in question was a capital loss, as held by the Revenue and not business loss as claimed by the assessee. The question, there fore, is answered in the affirmative, in favour of the Revenue and against the assessee. Reference stands disposed of accordingly.
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