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1990 (5) TMI 63 - ITAT CALCUTTA-CExtract: .......the assessee-company in the share dealings is the genuine loss and the same is allowable by way of deduction from the income of the assessee-company. With this view of the matter we are unable to agree either with the ITO or with the CIT(Appeals) on the issue in question. 27. In the result, the appellant-company succeeds and the appeals are allowed
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