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1975 (7) TMI 41 - BOMBAY HIGH COURTExtract: .......ling within the accounting period of Samvat year 2017 was in the nature of revenue expenditure and was an allowable deduction in computing the assessable income of the assessee. The question is, therefore, answered in the affirmative and in favour of the assessee. The revenue will pay the costs of the assessee. Question answered in the affirmative.
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