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1977 (11) TMI 40

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....:- 21-11-1977<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : A. S. BAINS., M. R. SHARMA&nbsp; JUDGMENT The respondents paid a sum of Rs. 40,000 to the heirs of the deceased partner. Out of this amount, ....

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.... (SC) for the proposition that such an expense has been rightly regarded as revenue expense. We are not concerned with the final outcome of this case. Whether this expenditure should be regarded as c....