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1961 (1) TMI 84 - HC - Income TaxExtract: .......siness and make a profit out of it. It follows that the assessee was entitled to a deduction under section 10(2)(xv) of the Indian Income-tax Act as the expenditure was incurred to work the business with the object of making a profit. We, therefore, answer the reference in favour of the assessee. He is entitled to get his costs from the Department.
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