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2011 (8) TMI 1172 - AT - Income TaxExtract: .......in which under identical circumstances loss arising from sale of shares of M/s. Phlox Pharma Ltd. has been allowed to be carried forward. We therefore, set aside the order of the CIT(A) and allow the claim of the assessee to carry forward the loss. 5. In the result, appeal of the assessee is allowed. Order pronounced in the open court on 17.8.2011.
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