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1987 (10) TMI 98 - AT - Income TaxExtract: .......ordships of the Orissa High Court relying upon the meaning assigned to the word expenditure in the dictionaries, because the word expenditure was not defined in the Income-tax Act, held that the expenditure was such where money was spent irretrievably. This would show that the money spent by the assessee, in this case, was not for its own purposes.
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