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1969 (2) TMI 37 - HC - Income TaxAssessee obtained a lease of a new building and, in doing so, he had to pay a sum of Rs. 1,001 to the landlord as an extra payment over and above the stipulated rent, which was not refundable - object of the assessee, was merely, by incurring the business expenditure, to produce profits and not to create any asset of a capital character - hence it is deductible in arriving at the assessee`s income
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