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1986 (9) TMI 45 - RAJASTHAN HIGH COURTExtract: .......ied in allowing the deduction in excess of Rs. 50,772. Consequently, the reference is answered partially in favour of the Revenue as under The Tribunal was not justified in allowing deductions business expenditure of the amount in excess of Rs. 50,772 while computing assessee s total income during the relevant assessment year. No order as to costs.
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