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1980 (7) TMI 38 - HC - Income TaxExtract: .......we hold that the Tribunal was perfectly justified in holding the expenditure in question as revenue in nature and as such deductible under s. 10(2)(xv) of the Indian I.T. Act, 1922, and, accordingly, we answer the question in the affirmative and in favour of the assessee. There will, however, be no order as to costs. SABYASACHI MUKHARJI J.-I agree.
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