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2001 (6) TMI 170 - AT - Income TaxExtract: .......deration, in any case, is required to be allowed as revenue loss only. We, therefore, reverse the orders of the lower authorities and direct that the loss of Rs. 34,12,695, as claimed by the assessee, in respect of transactions in Part B portion of the PCDs, be allowed as revenue loss. 10. In the result, the appeal filed by the assessee is allowed.
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