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2007 (8) TMI 643 - ITAT AHMEDABADExtract: .......e. We, accordingly, reverse the orders of the Commissioner of Income-tax (Appeals) as well the Assessing Officer and direct the Assessing Officer to consider the loss as per the books of account of the assessee irrespective of the fact whether the same is allowable or not under section 79 of the Act. Pronounced in the open court on August 17, 2007.
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