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1975 (11) TMI 3 - ORISSA HIGH COURT
Extract:
.......erein could not be admitted as revenue expenditure. We would accordingly hold that, on the facts and in the circumstances of the case, the loss of Rs. 27,420 sustained by the assessee on the sale of Government Loan Bonds was a revenue loss. We make no order as to costs, because the assessee went unrepresented at the time of hearing. DAS J.-I agree.