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1950 (12) TMI 26 - HC - Income TaxExtract: .......expenditure has to be incurred to preserve life, and it is difficult to see how it can be said that the money was spent wholly and exclusively for the purpose of the business. Our answer to this question is, therefore, in the negative. In the result, the revenue is entitle to its costs which we assess at ₹ 200. Reference answered accordingly.
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