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1949 (10) TMI 1 - HC - Income TaxExtract: ....... had to pay much more. Having taken all these facts into consideration, I am of the opinion that the sum of ₹ 5,000 was in the nature of a revenue expenditure and was deductible out of the income. The assessee must get the costs of these proceedings which are assessed at a sum of ₹ 500. SETH, J.--I agree. Reference answered accordingly.
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