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1958 (10) TMI 63 - HC - Income TaxExtract: .......unt wholly and exclusively for its business. The requirements of section 10(2) (xv) of the Act were satisfied. Our answer to the question is that the payment is deductible under the provisions of section 10(2)(xv) of the Act. The assessee will be entitled to the costs of this reference. Counsel's fee ₹ 250. Reference answered accordingly.
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