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1992 (9) TMI 133 - ITAT HYDERABADExtract: .......he private trust is not liable for the loss of the trust rsquo s business carried on by the trustees and, therefore, has no right to set off such loss against any of his other income. We hold accordingly and affirm the order of the Appellate CIT but for different reasons elaborately discussed by us above. 36. In the result, the appeal is dismissed.
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