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1979 (10) TMI 27 - MADRAS HIGH COURT
Extract:
.......l expenditure. It has to be held on the facts here that the sum was spent only for the purpose of business and that there is no capital element in the expenditure. In the result, the third question is answered in the affirmative and in favour of the assessee. As neither party has succeeded wholly in the reference there will be no order as to costs.
