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1989 (9) TMI 33 - HC - Income TaxExtract: .......nue expenditure and allowable as a deduction in computing the taxable income of the assessee. In the result, we answer the first question referred to us in the affirmative and the second question in the negative. Both the questions are thus answered in favour of the assessee and against the Revenue. The parties shall, however, bear their own costs.
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