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1990 (11) TMI 13 - CALCUTTA HIGH COURTExtract: .......ng that any expenditure incurred by the assessee-Hindu undivided family in respect of the assets allotted to the karta of the Hindu undivided family after June 12, 1977, and treated as business assets of the assessee-Hindu undivided family will only be allowable as deduction. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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