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Computation of capital loss -amounts accruing during the assessment year to the assessee from bonds issued to it by the Central Government in lieu of the debt amounts payable to it for services under contract to the Iraqi Government - not a capital loss - HC

Income Tax - Computation of capital loss -amounts accruing, during the assessment year, to the assessee from bonds issued to it, by the Central Government, in lieu of the debt amounts payable to it fo .....

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