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1975 (4) TMI 16 - CALCUTTA HIGH COURTExtract: .......ere incurred or laid out by the assessee wholly and exclusively for the purpose of its trade and, therefore, we overrule the contentions of Mr. Sengupta. In the premises, our answer to the question is in the negative and in favour of the assessee. In the facts and circumstances of the case, we make no order as to costs. DIPAK KUMAR SEN J.--I agree.
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