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1964 (8) TMI 93 - HC - Income TaxExtract: .......ot be said to be one for initial outlay or that the expenditure was in the natural of operational or trade expenses. The Tribunal, therefore, was right in disallowing these expenses. (7) Our answer to the question, therefore, will be in the negative. The assessee firm will pay to the Commissioner the costs of this reference. (8) Reference answered.
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