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1971 (8) TMI 76 - HC - Income TaxAssessee-company which is a registered firm owned several collieries - This colliery could not be worked for some years by the applicant-firm but expenses had been claimed during the military occupation period on account of minimum royalty payable, the surface rent and small amount of salaries incurred for watch and ward purposes – expenditure was only part of the assessee's working expenses and was laid out as part of the process of profit making, therefore, expenditure must be held to be of revenue nature
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