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1991 (11) TMI 38 - HC - Income TaxExtract: .......82, it is obvious that the expenditure of Rs. 32,382 is a trading expenditure, deduction whereof is permissible under section 28 of the Act. We, therefore, uphold the view taken by the Tribunal and answer the question which has been referred to us, in the affirmative and against the Revenue. Reference answered accordingly with no order as to costs.
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