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1968 (7) TMI 2 - SC - Income TaxClaim for allowance - appellant-company started negotiations with a bank for securing overdraft facilities for the purpose of its business and in that connection had to incur an expenditure of Rs. 35,800 - Tribunal was not justified in holding that the sum of Rs. 35,800 incurred by the assessee for the purpose of raising or securing overdraft facilities from the bank was an expenditure of a capital nature not allowable under s. 10(2)(xv) - Assessee's appeal allowed
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