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1983 (10) TMI 89 - ITAT BOMBAY-E
Extract:
.......he assessee which was doing banking business and that the loss arose in the ordinary course of carrying on of its business. Under the circumstances, we agree with the finding of the Commissioner (Appeals) on this point and so, we uphold the same. 34. In the result, the assessee s appeal is partly allowed, while the departmental appeal is dismissed.