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1978 (3) TMI 24 - MADRAS HIGH COURT
Extract:
....... was right in law in holding that the loss in the purchase and sale of the Government bonds was allowable as a loss incidental to the carrying on of the assessee s business. We, accordingly, answer the question in the affirmative, in favour of the assessee and against the revenue. The assessee shall be entitled to its costs. Advocate s fee Rs. 150.