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1984 (1) TMI 53 - HC - Income Tax
Extract:
.......it. The Tribunal is right in holding that it is a permissible deduction in arriving at the profit of business of construction and sale of building, the outgoing being allowed in one assessment year. We answer the reference against the Department and in favour of the assessees with costs. Counsel s fee Rs. 500. Reference answered in the affirmative.