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2012 (11) TMI 1182 - AT - Income TaxExtract: .......e the income is not taxable the loss incurred in such activity also could not be set off against income from other heads of income.” Respectfully following the above decision, Ground No.2 is decided against the assessee. As a result, appeal filed by the assessee stands Partly Allowed. Order pronounced in the open court on 16th November, 2012.
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