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1946 (2) TMI 10 - MADRAS HIGH COURTExtract: .......ending business and therefore he was entitled to the deduction. By reason of the practice among Nattukottai Chettiars to which we have referred this debt can only be regarded as a business loss. We answer the question referred in favour of the respondent. The Commissioner of Income-tax will pay the costs ₹ 250. Reference answered accordingly.
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