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1943 (3) TMI 15 - MADRAS HIGH COURT
Extract:
.......er can or cannot be deducted from the profits. This is not a case of conducting a business in a negligent manner; it is a case of conducting a business in a dishonest manner. The question referred is answered in the negative and the Commissioner of Income-tax is entitled to his costs, which we fix at ₹ 250. Reference answered in the negative.