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1973 (8) TMI 31 - HC - Income Tax" Whether, on the facts and in the circumstances of case, the Tribunal was right in holding that the sum of Rs. 2,03,255 paid by the assessee for the purchase of loom hours was revenue expenditure and hence deductible under section 10(2)(xv) of the Indian Income-tax Act, 1922 ? " - question, has to be answered in the negative, in favour of the revenue and against the assessee
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