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1978 (12) TMI 96 - ITAT MADRAS-AExtract: ....... difficulty. This expenditure incurred as an owner-cum-trader would be an admissible deduction looking to the ratio of the judgment of the Supreme Court in Indian Aluminium Co. Ltd. vs. CIT (1). The decision of the AAC is, therefore, in order. 7. The result is that the appeal of the assessee is allowed and the appeal of the Department is dismissed.
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