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1940 (5) TMI 24 - KING’S BENCH DIVISIONExtract: .......e respondent has to pay the rent of £ 3,500 pursuant to an obligation which he entered into for the purposes of his trade. It is because he entered into that obligation wholly and exclusively for the purposes of his trade that, in my opinion, he is entitled to deduct it. The result is that the appeal is dismissed with costs. Appeal dismissed.
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