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1983 (3) TMI 109 - AT - Income TaxExtract: ........ For the foregoing reasons I am of the opinion, that the premium paid in, this case is capital in nature and, therefore, cannot be deducted as the revenue expenditure. I accordingly endorse the view taken by the learned Accountant Member. The matter will have to be placed before the Bench for passing the order in conformity with the majority view.
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