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1999 (8) TMI 116 - AT - Income TaxExtract: .......assed in 1968. Thus, on the facts and circumstances of the case, we feel that the loss of Rs. 95,901 suffered by the assessee was in the course of business and the same was allowable during the year under consideration. The AO is directed to allow appropriate relief to the assessee on the said basis. 9. In the result, the appeal is allowed in part.
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