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1955 (9) TMI 83 - HC - Income TaxExtract: .......e which falls within the ambit of rule 3(a) it must be allowed as a deduction in computing the surplus or the deficit for the purpose of rule 2(b). The answers to the questions therefore will be (1) in the negative, (2) does not arise, (3) in the negative, and (4) in the affirmative. The Commissioner to pay the cost. Reference answered accordingly.
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