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1986 (4) TMI 19 - HC - Income TaxExtract: ....... activity is business loss and section 43(5) of the Act is not attracted. Question No. (2) is also answered accordingly in favour of the assessee and against the Revenue. In the circumstances of the case, the parties are left to bear their own costs of this reference. Let a copy of this order be sent to the Tribunal under section 260(1) of the Act.
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