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1965 (7) TMI 57 - HC - Income TaxExtract: ....... the assets. For the reasons stated above, in our opinion, the assessee is not entitled to claim the expenditure as a permissible allowance under section 10(2)(xv) of the Income-tax Act. The question referred to us, therefore, is answered by us in the negative. The assessee shall pay the costs of the Commissioner. Question answered in the negative.
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