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2007 (9) TMI 631 - DELHI HIGH COURTExpenditure on the annual bonus - Whether ITAT was correct on the facts and in the law in holding the expenditure being the annual bonus paid to the dealers is not in the nature of "Sales Promotion" expenses and the provisions of section 37(3A) of the Income-tax Act are not applicable? - HELD THA:- The admitted position is that in view of the decision of this Court in CIT v. High Blyma Labs (P.) Ltd., the question of law is required to be answered in the affirmative, in favour of the assessee and against the revenue. Thus, the reference is disposed of accordingly.
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