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1982 (9) TMI 147 - ITAT MADRAS-CExtract: ....... of the assessee considering its nature can be treated as a single indivisible contract or as indicated by the Bombay High Court in CIT v kayarts (1977) 107 ITR 119 (Bom)as a joint venture. For these reasons we accept the appeal of the assessee and direct the ITO not to disallow the expenditure of Rs. 63,198. 6. Appeal allowed disallowance deleted.
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