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1995 (9) TMI 16 - HC - Income TaxExtract: .......ing loss. But that observation of the Supreme Court made in the above context, cannot refer to any cash raised by way of share capital. Certainly such cash raised by the assessee here is not his stock-in-trade. The net result is, we concur with the order of the Tribunal in the above reference application and dismiss the tax case petition. No costs.
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