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1977 (9) TMI 29 - HC - Income TaxExtract: .......swer to the question referred for opinion, therefore, is On the facts and in the circumstances of the case, the losses of Rs. 34,482 in the assessment year 1970-71 and Rs. 35,341 in the assessment year 1971-72 were not revenue losses and, therefore, the assessee is not entitled to deduction thereof. We make no order as to costs. PANDA J.---I agree.
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