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1995 (10) TMI 15 - HC - Income TaxExtract: .......nd in the light of the judicial pronouncements cited supra, we hold that the Tribunal was not correct in coming to the conclusion that the loss incurred by the assessee in acquiring the distribution rights is a revenue loss. In that view of the matter, we answer the question referred to us, in the negative and in favour of the Department. No costs.
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