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1977 (8) TMI 47 - HC - Income TaxExtract: .......pinion, the Tribunal was right in coming to the conclusion that the assessee was entitled to claim a set-off to the extent of one-fourth, share, of the losses. In the result, our answers to the two questions referred are as under Question No. 1, in the affirmative. Question No. 2, in the affirmative. The revenue shall pay the costs of the assessee.
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