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1985 (12) TMI 27 - HC - Income TaxExtract: .......business loss will be irrelevant inasmuch as in the computation of income under the said section, the income of the assessee cannot go beyond nil . For the above reason, the question referred is answered in the negative and in favour of the Revenue. In the facts and circumstances, there will be no order as to costs. MUKUL GOPAL MUKHERJI J.-I agree.
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