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1980 (7) TMI 122 - ITAT BOMBAY-AExtract: .......is wrong. In support of our finding, we are fortified by the ratio of the decision in he case of Maggaji Shermal. The ld. Deptl. Representative was not able to point out any other decision against the decision relied on by the assessee. 7. Accordingly, the claim of the assessee is allowable as business loss. 8. In the result, the appeal is allowed.
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