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1972 (9) TMI 28 - HC - Income TaxSecurity deposit forfeited for failure to wholesale contract - Whether Tribunal was right in law in holding that the sum of Rs. 1,18,875 was a trading loss deductible under section 10(1) of the Indian Income-tax Act, 1922, in order to arrive at the profits of the assessee's business for the assessment year 1957-58 ? - Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee's claim was not entertainable under section 10(2Xxv) of the Indian Income-tax Act, 1922
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