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1974 (7) TMI 45 - MADRAS HIGH COURTExtract: .......t an expenditure incurred for the purpose of the business of the company. In these circumstances, we hold that the entire sum of Rs. 94,505 is allowable. The question referred to us is, therefore, answered in the negative and in favour of the assessee. The assessee will be entitled to costs. Counsel s fee Rs. 250. Question answered in the negative.
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