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1942 (10) TMI 10 - MADRAS HIGH COURTExtract: .......t a business loss it could only be regarded as a capital loss. The fact that the assessee chose to write off the amount in the books kept by him in connection with his money-lending business does not make any difference. The question referred will be answered accordingly. The assessee must pay the costs, ₹ 250. Reference answered accordingly.
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