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1983 (9) TMI 16 - MADRAS HIGH COURTExtract: .......e and when the necessity for their use has ceased as the aircraft have been sold, then any loss arising out of the sale of such unnecessary spares can only be treated as a capital loss In this view, we have to answer both the questions in the negative and in favour of the Revenue. The Revenue will get costs from the assessee. Counsel s fee Rs. 500.
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