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1991 (3) TMI 35 - HC - Income TaxExtract: .......which were diverse in nature. For the foregoing reasons, it must be held that the loss incurred by the assessee in financing its subsidiary must be allowed as a business loss. We, therefore, answer both the questions in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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