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1984 (9) TMI 29 - HC - Income TaxExtract: .......as contemplated in section 40A(3) of the Act does not include expenditure on purchases relating to the trading account. The question is, accordingly, answered in the negative and in favour of the Revenue and against the assessee. However, in view of the peculiar circumstances of the case, the parties will bear their own costs. S. K. JHA J.-I agree.
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