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1978 (6) TMI 21 - HC - Income TaxExtract: .......id International cannot be regarded as a permissible deduction. Accordingly, our answer to question No. 2 is as under Having regard to the observations made in the judgment, the assessee will not be entitled to the deduction in the sum of Rs. 1,00,000 as an item of expenditure under s. 37 of the Act. The assessee shall pay the costs of the revenue.
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