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1982 (8) TMI 9 - HC - Income TaxExtract: .......t as business income, but as income from other sources. The assessee is not entitled to claim deduction of the value of the gold confiscated by Government as business loss. In the view expressed by us, all the questions are answered in the affirmative and against the Revenue. The assessee will have the costs from the Revenue. Counsel s fee Rs. 500.
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