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1989 (2) TMI 7 - CALCUTTA HIGH COURTExtract: ....... The loss fell upon the assessee, in the course of trading. In the facts of this case, we see no reason why this amount is not to be allowed as deduction while assessing the income of the assessee. The question is, therefore, answered in the affirmative and in favour of the assessee. There will be no order as to costs. BABOO LALL JAIN J. - I agree.
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