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1972 (9) TMI 6 - SC - Income TaxWhether the loss of ₹ 1,93,750 was an allowable deduction under section 10 - compensation received in lieu of loss of stock-in-trade as a result of enemy action it a trading receipt, conversely a loss of stock-in-trade occasioned by enemy action must be considered as a trading loss - we agree with the conclusions reached by the High Court and see no merit in this appeal
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