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1971 (12) TMI 21 - HC - Income TaxAssessee secured sole right to clear the goods of one through Mineral Products & Co. of Calcutta - Whether the commission paid by the assessee to the Mineral Products & Co. was allowable as a business expense laid out wholly and exclusively for the purpose of its business - benefit acquired was during the course of business in relation to one of the many transactions of the assessee and it had lasted only for a short duration with no permanent lasting benefit to the assessee. Therefore, the expenditure cannot be treated as capital in nature
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