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2001 (12) TMI 41 - KARNATAKA HIGH COURTExtract: .......penditure under section 37(1) of the Act. The material before the court is sufficient to hold that it is in fact not an expenditure as has been proved under section 37(1) of the Act for claiming deduction and as such the question is answered in the negative and against the assessee. Thus, the Revenue succeeds in the reference. No order as to costs.
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