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2022 (9) TMI 1534 - SC ORDERBusiness loss claim on account of permanent diminution in the value of the investment made in the equity shares in one of the subsidiaries of the assessee in USA - According to AO this loss was not allowable u/s 37 since the expenditure could not have been considered as a revenue expenditure. HELD THAT:- Issue notice with respect to question no.2 before the High Court, reproduced in para 3 of the impugned judgment and order passed by the High Court only, making it returnable on 14.11.2022.
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