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1984 (3) TMI 8 - RAJASTHAN HIGH COURTExtract: .......,175 paid as interest under s. II B of the Rajasthan Sales Tax Act, was not an expenditure laid out wholly or exclusively for the purposes of business and as such was not allowable as deduction. The question referred to us is answered in the affirmative, i.e., in favour of the assessee and against the department. There will be no order as to costs.
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