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MESSRS ATLAS INVESTMENT BANK LTD. versus COMMISSIONER OF INCOME TAX


Section 23, 26 and 136 deductions were quoted by the High Court Tribunal as saying that if a reviewer is exempt from taxable income, the expense incurred for the purpose of obtaining taxable income was deductible while income was exempt. Was spent on acquiring. No deduction costs The tribunal's approved order constitution was not open to any exception by the High Court.

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