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1995 (9) TMI 378 - HC - Income TaxExtract: .......expenses were laid out wholly and exclusively for the business. In that view of the matter, the Tribunal was justified in allowing the deduction of expenditure of ₹ 66,248. Accordingly, we answer question No. 2 referred to above in affirmative i.e., to say in favour of the assessee and against the Revenue. There shall be no order as to costs.
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