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1984 (4) TMI 127 - ITAT MADRAS-BExtract: .......with reference to the expenditure incurred for maintaining the horses and the receipts by way of stake money and the winnings from bettings on the horses. We, therefore, set aside the orders or the authorities below and direct the ITO to recompute the income taxable under this source accordingly. 14. In the result, the appeal is treated as allowed.
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