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1984 (6) TMI 14 - HC - Income TaxExtract: .......In this view of the matter, therefore, in our opinion, the Tribunal was not Tight in not allowing Rs. 40,000 as loss in business. Our answer to the question, therefore, is in the negative, viz., that the Tribunal was not right in disallowing Rs. 40,000 as business loss. In the circumstances of the case, parties are directed to bear their own costs.
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