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1980 (10) TMI 124 - ITAT MADRAS-AExtract: ....... of the obligation to pay by his predecessor would, therefore, assume the character of a capital outgoing in the hands of the assessee. The assessee is, therefore, not entitled to the deduction of this amount of Rs. 6,364. The orders of the lower authorities in this regard are, therefore, confirmed, 11. In the result, the appeal is allowed in part.
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