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1977 (7) TMI 81 - ITAT HYDERABAD-BExtract: .......e instant case are more or less in pari materia with the facts found in the decision of the Orissa High Court. On a review of the facts and law, we think that the sum of Rs. 6,249 which represents the value of paddy confiscated can be claimed as an admissible deduction in computing the profit under s. 10(1). 3. In the result, the appeal is allowed.
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