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1976 (4) TMI 109 - AT - Income TaxExtract: .......iod. This is clearly Revenue expenditure. There is no dispute that the amount has been laid out wholly and exclusively for the purpose of the business. We, therefore, hold that the two amounts of Rs. 1,62,835/- and Rs. 50,937/- are allowable as Revenue expenditure for the asst. yrs. 1968-69 and 1969-70. 24. The assessee rsquo s appeals are allowed.
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