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1955 (4) TMI 56 - HC - Income TaxExtract: .......ing loss which is deductible in computing the income of the assessee for the assessment year. The reference is therefore answered in favour of the assessee to the extent stated above. The assessee is in favour of the assessee to the extent stated above. The assessee is entitled to his costs. Counsels fee ₹ 250. Reference answered accordingly.
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