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1976 (11) TMI 20 - MADRAS HIGH COURTExtract: .......ng fee, and, therefore, that cannot be said to be an expenditure of capital nature, and, consequently, that was an item to be deducted in computing the profits and gains of the business of the assessee. The result is that we answer the question referred to this court in the negative and in favour of the assessee. There will be no order as to costs.
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