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1980 (4) TMI 57 - MADRAS HIGH COURTExtract: ....... to augment their income. A similar view was taken in CIT v. J. K. Industries (P.) Ltd. 1969 71 ITR 594 (Cal). As such, the Tribunal was right in holding that it is allowable revenue expenditure. We, accordingly, answer the reference in the affirmative and against the revenue. The assessee will be entitled to its costs. Counsel fee Rs. 500 one set.
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