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1977 (7) TMI 73 - ITAT CUTTACKExtract: .......ing all the facts and circumstances of the case, we hold that the assessee is entitled to the deduction of the sum of Rs. 50,926. We direct that this amount be allowed as a deduction in the computation of the assessee s business income. 8. In the result, the assessee s appeal is partly allowed and the Cross objection by the Department is dismissed.
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