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1980 (1) TMI 73 - HC - Income TaxExtract: .......stance of road transport authorities with whom the assessee there had to deal. This court held that the loss incurred on the sale of bonds was allowable as a loss incidental to the business of the assessee. Following the said decision, we answer the third question in the affirmative and in favour of the assessee. There will be no order as to costs.
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