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2004 (9) TMI 321 - AT - Income Tax
Extract:
.......t the Assessing Officer to treat it as a normal business loss and allow the same as claimed by the assessee. 9. In the view, I have taken on the basis of the judgment of the Supreme Court in the case of K.P. Varghese, I do not consider it necessary to discuss the authorities cited on behalf of the assessee. 10. In the result, the appeal is allowed.