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1975 (8) TMI 39 - HC - Income Tax
Extract:
....... facts and in the circumstances of the case, this expenditure of Rs. 48,004 incurred between October 1, 1964, and March 31, 1965, should have been allowed as business expenditure. We, therefore, answer the question referred to us in the affirmative and in favour of the assessee. The Commissioner will pay the costs of this reference to the assessee.