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1990 (12) TMI 148 - AT - Income TaxExtract: ....... to the entire facts and circumstances of the case, we hold that there was no business expediency in purchasing the shares of the aforesaid company and, as such, the loss incurred on the sale of shares cannot be held as a business loss. It will be treated as a capital loss. 13 to 18. These paras are not reproduced here as they involve minor issues.
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