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1965 (4) TMI 119 - HC - Income TaxExtract: .......onnected with, the trade, or is made out of the profits of the trade." Such is not the case here. Therefore, we are of opinion that the Tribunal reached the right conclusion in disallowing this deduction. It follows that the question has to be answered in the negative and against the assessee. The assessee will pay the costs of the department.
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