1977 (11) TMI 40

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..... -11-1977 - Judge(s) : A. S. BAINS., M. R. SHARMA JUDGMENT The respondents paid a sum of Rs. 40,000 to the heirs of the deceased partner. Out of this amount, Rs. 32,500 were paid on account of g .....

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..... 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 capital expense or revenue expenses .....

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