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1998 (11) TMI 17 - HC - Income TaxExtract: .......ue loss. We are in entire agreement with that proposition. On the facts of this case, the loss to the assessee being a revenue loss which had been incurred in the course of business, the assessee was entitled to deduct the same under section 37 of the said Act. We answer the question referred to us in favour of the assessee and against the Revenue.
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