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1993 (7) TMI 63 - HC - Income Tax
Extract:
.......pee was clearly a revenue loss and was allowable as a deduction in computation of the income of the assessee for the assessment year concerned. Accordingly, the question referred to us is answered in the affirmative, i.e., in favour of the assessee and against the Revenue. Under the facts and circumstances of the case, we make no order as to costs.