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2003 (12) TMI 36 - MADRAS HIGH COURTWhether, Tribunal was right in law and had valid material in coming to the conclusion that the advertisement expenses claimed to have been shared by the assessee with M/s. Dynavision Ltd. and the difference in purchase price claimed by the assessee are in the nature of a contractual obligation and are, accordingly, allowable as expenditure? - Tribunal cannot be said to have erred in the view that it took. The question referred are answered in favour of the assessees and against the Revenue.
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