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1973 (12) TMI 31 - HC - Income TaxExtract: .......te clear. To conclude, therefore, our answer to the question referred to us is that the expenditure in question was not an admissible deduction under section 57(iii) of the Act. We, thus, answer the question in favour of the revenue. This reference is accordingly disposed of. The applicant shall bear the costs of the Commissioner in this reference.
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