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1950 (1) TMI 9 - HC - Income TaxExtract: .......e expenditure and an admissible deduction in computing the profits of the new firm, the applicant in this reference. The second question referred to us is answered in the negative and in favour of the assessee. The assessee having succeeded in this reference would be entitled to his costs which we fix at ₹ 250. Reference answered accordingly.
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