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1959 (1) TMI 31 - PUNJAB HIGH COURTExtract: .......n business. It was nothing more than a loss in capital. Therefore the assessee is not entitled to claim exemption either under section 10(2)(xi) or 10(2)(xv) or in general terms of the Income-tax Act. We answer the reference accordingly. The assessee will pay costs of these proceedings which we assess at ₹ 250. Reference answered accordingly.
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