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1985 (8) TMI 331 - SC - Income TaxAssessee claimed deduction of a sum of Rs. 7,93,837 under s. 10(1) or alternatively under s. 10(2)(xv) of the Act in determining its business profits - held that if the amount had been spent for obtaining a capital asset, the assessee would not be entitled to claim it as a deduction under s. 10(1) of the Act and on the principle of taxation that income-tax is to be levied on the real income, the amount paid for obtaining capital asset would not be deductible
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