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1929 (11) TMI 7 - HC - Income TaxExtract: ....... compute the same for the purposes of super-tax. It is clear that the assessee cannot claim any deduction on account of the payment made by him to his vendor as under Section 8 no such deduction is allowable. 45. As regards the third question, I agree with my Lord Chief Justice that the assessee is not liable to any deduction on account of expense.
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