Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1993 (1) TMI 40 - BOMBAY HIGH COURT
Extract:
.......so and that being so, the loss suffered by the assessee is clearly a loss which is deductible in the computation of income under section 28(i) of the Act. Accordingly, the question referred to us is answered in the affirmative that is in favour of the assessee and against the Revenue. Under the facts and circumstances, we make no order as to costs.