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1991 (3) TMI 73 - ALLAHABAD HIGH COURTExtract: .......is claimed as deduction out of the trading receipts with a view to arrive at the gross profit. For the above reasons, we see no reason to doubt the correctness of the Bench judgment of this court or to take a different view. The question is, accordingly, answered in the affirmative, i.e., in favour of the Revenue and against the assessee. No costs.
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