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1977 (9) TMI 31 - HC - Income TaxExtract: .......pensate for the loss of income which would have accrued to him year after year. The analogy of that case cannot be extended to the case of a loan advanced under an oral agreement. For the reasons mentioned above, we answer the question in favour of the assessee-company and against the revenue. The parties are, however, left to bear their own costs.
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