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1993 (2) TMI 50 - BOMBAY HIGH COURTExtract: .......re was a transfer of a capital asset by the assessee to the Singapore company and, in the process of the transfer of the said capital asset, the assessee had suffered a loss of Rs. 81,755 as worked out above. In this view of the matter, we answer the question which is before us in the affirmative and in favour of the assessee. No order as to costs.
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