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1974 (6) TMI 28 - HC - Income TaxExtract: .......w that the assessee-company would be entitled to claim deduction in respect of such payment made to the Bombay Hospital Trust as expenditure which had been wholly and exclusively laid out for the purpose of its business. We, therefore, answer question No. 4 in the affirmative and in favour of the assessee. Revenue to pay the costs of the reference.
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