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1982 (1) TMI 15 - MADRAS HIGH COURTExtract: .......ed between the expenditure and the benefit in transactions of this kind. But this is not such a case. Since our conclusion is in accord with that of the Tribunal, the broad answer to the reference must be stated to be that s. 40(c) does not apply to this case which is an answer in favour of the assessee. However, there will be no order as to costs.
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