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1990 (10) TMI 59 - HC - Income TaxExtract: .......overnment Bonds with a view to induce the authorities to place an order for vehicles upon the assessee. The loss resulting from the sale of such Government Bonds was held deductible as a revenue loss. For the above reasons, all the three questions are answered in the affirmative, i.e., in favour of the assessee and against the Department. No costs.
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