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    <title>2016 (6) TMI 973 - BOMBAY HIGH COURT</title>
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    <description>The court partly allowed the appeal, quashed the impugned order by the Income Tax Appellate Tribunal, and remanded the matter for re-examination solely on the limited aspect of whether the appellants were entitled to deduction for losses incurred under Section 115 JB(2) of the Income Tax Act. The court emphasized the need for further material to be produced for consideration and instructed the Tribunal to hear both parties before making a decision.</description>
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      <description>The court partly allowed the appeal, quashed the impugned order by the Income Tax Appellate Tribunal, and remanded the matter for re-examination solely on the limited aspect of whether the appellants were entitled to deduction for losses incurred under Section 115 JB(2) of the Income Tax Act. The court emphasized the need for further material to be produced for consideration and instructed the Tribunal to hear both parties before making a decision.</description>
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