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1978 (3) TMI 98 - CALCUTTA HIGH COURTExtract: .......d to be a benefit of an enduring nature and hence a capital asset. Therefore, this loss cannot be a revenue loss and it must be a capital loss. In the premises, our answer to the question is that the loss of Rs. 42,327 was not a revenue but a capital loss and it is in favour of the revenue. Each party to pay and bear its own costs. DEB J.--I agree.
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