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1999 (9) TMI 2 - SC - Income Tax
Appellant-assessee obtained a lease - assessee claimed the rent amounts worked out at ₹ 10,752 per annum as revenue expenditure - Whether the sum of ₹ 10,752 paid by the assessee in the accounting year was not expenditure allowable as a deduction in computing the business profit of the assessee-company - held, yes