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1962 (4) TMI 107 - HC - Income TaxExtract: ....... was definitely held that a tax deduction was not expenditure laid out wholly and exclusively for the purpose of earning the profits. The result is that the Tribunal's view cannot be supported in law and the question has to be answered in favour of the department. The assessee will pay the costs of the department. Counsel's fee ₹ 250.
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