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Tribunal Classifies Company's Financial Loss as Capital Loss, Contradicting Revenue's Business Loss Stance in Liquidation Case.

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....Nature of loss - capital loss or business loss - company in liquidation - assesssee claimed the same as business loss - Tribunal allowed the same as capital loss - decided against the revenue.....

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Tribunal Classifies Company's Financial Loss as Capital Loss, Contradicting Revenue's Business Loss Stance in Liquidation Case.