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1980 (5) TMI 51 - ITAT AMRITSARExtract: .......it was a loss incidental to the carrying on of a business. The claim for loss will not suffer on account of any consideration arriving for the alleged collusion based in our view, only on surmise and conjecture. In view of this finding we cannot but uphold the finding of the CIT (A) and dismiss the appeal of the Revenue. 4. The appeal is dismissed.
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