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1986 (6) TMI 34 - HC - Income TaxExtract: .......entures was allowed to be deducted from the income of the assessee. The facts, in that case, are different from the facts before us. In the instant case, following the decisions of this court noted earlier, we answer the two questions referred in the negative and in favour of the Revenue. There will be no order as to costs. MONJULA BOSE J.-I agree.
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