Arthashastra

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जित्वा अपि हि क्षिण दण्ड कोशः पराजितो भवति" इत्य् आचार्याः ॥

and that even the king who wins a victory will appear as defeated in consequence of the loss of men and money.

english translation

jitvA api hi kSiNa daNDa kozaH parAjito bhavati" ity AcAryAH ॥

hk transliteration by Sanscript