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1965 (7) TMI 3 - ALLAHABAD HIGH COURTWhether the Tribunal was right in law in holding that an equitable apportionment of the expenses could be made by virtue of the provisions of Explanation 1 to section 24(1) - held that that the Income-tax Officer could have apportioned under section 10 of the Act the expenses between the money-lending and speculation business.
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