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1992 (11) TMI 46 - BOMBAY HIGH COURTExtract: .......of, therefore, cannot be treated as an allowable deduction. It is nothing but plain and simple capital loss. As such, we do not find any infirmity in the conclusion arrived at by the Tribunal in the instant case. In the premises aforesaid, the question referred to us is answered in the affirmative and in favour of the Revenue. No order as to costs.
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