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1975 (11) TMI 35 - HC - Income TaxExtract: .......incurred for the conduct of the business. We are, therefore, of the view that the Tribunal is in error in holding that the amount in question is an allowable deduction under section 10(2)(xv). The reference is, therefore, answered in the negative and in favour of the revenue. The revenue will have its costs from the assessee. Counsel s fee Rs. 250.
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