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2013 (4) TMI 838 - AT - Income TaxEntitled to set off the loss on account of forfeiture of license fee (business loss) against income assessed u/s 69 (income from undisclosed sources) - Held that:- Set off is allowable as business loss. See Commissioner of Income-Tax Versus Chensing Ventures [2007 (4) TMI 204 - MADRAS High Court ]. No merit in the appeal of the Revenue.
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