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1970 (11) TMI 37 - HC - Income TaxWhether Tribunal was right in law in holding that section 24(1) of the Income-tax Act, 1922, did not apply to the assessee's case and that the assessee-family was entitled to set off its share of loss in the unregistered firm against its other business income under section 10 – question is answered in the affirmative, that is, in favour of the assessee and against the department
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