1995 (6) TMI 6

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....this court, the Tribunal referred the following question for our opinion under section 256(2) of the Income-tax Act, 1961 : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the assessee is entitled to the deduction of the sum of Rs. 56,250 representing the amount forgone by the assessee as business loss ? " In the present case, the Tr....