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1980 (2) TMI 22 - HC - Income TaxExtract: .......essee-company to Moti Ram was an expenditure of revenue nature and hence allowable in the computation of the total income of the assessee-company. For, the expenditure was in no way connected with the business carried on by the assessee and did not, therefore, fall within the purview of s. 10(2)(xv) of the old Act or s. 37(1) of the new Act at all.
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