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1985 (7) TMI 166 - ITAT HYDERABAD-AExtract: ....... for the year. For the accounting year concerned, the assessee s share was a loss. This loss has to be clearly allowable since it is a loss incurred by the assessee as a partner in a firm doing business. We will, therefore, uphold the order of the Commissioner (Appeals) on this point. 11. In the result, the appeal will be treated as partly allowed.
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