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2009 (11) TMI 668 - AT - Income TaxExtract: .......n to section 73 on the basis of its principal business of granting loans and advances. The Assessing Officer was, therefore, not justified in treating the assessee-company as hit by the Explanation to section 73 and thereby not allowing the setting off such loss out of other head of income. 19. In the result, the appeal of the revenue is dismissed.
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