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2001 (1) TMI 52 - ALLAHABAD HIGH COURTExtract: .......business and the assessee would be entitled to set-off the loss against the income of such gold. We do not see any reason to differ from the view taken in these decisions. In view of the above, our answer, to the question referred, is in affirmative, i.e., in favour of the assessee and against the Department. The reference is, accordingly, decided.
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