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2011 (9) TMI 1179 - ITAT MUMBAIExtract: .......ot be equated with trading loss. The loss on such notional basis cannot be allowed. In this view of the matter, we do not find any infirmity in the order of the ld. CIT(A) and uphold the same. The ground raised by the assessee is accordingly dismissed. 12. In the result, appeal filed by the assessee is partly allowed. Order pronounced on 21.9.2011.
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