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Title: Allowability of loss for illegal business
Post by: rajul5234 on November 15, 2014, 09:03:04 AM

Gujarat High Court Tax appeal 107 / 2004, Dt. 16/10/14. Bipinchandra. K. Bhatia.

Held, Loss of illegal business for confiscation of goods allowable even post insertion of explanation to section 37.

R. K. Patel.

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