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2008 (10) TMI 4 - HIGH COURT DELHIAssessee, hotel - assessee made agreement with Megapode Airlines Ltd. in order to provide facilities of charter flights to its customers - assessee could not utilize the flying hours - assessee was liable to pay annual fixed charges irrespective of the hours actually utilized by it - agreement was entered into by the assessee for its business purposes - commercial expediency – Sec. 40 A (2) not invokable for disallowing the said expenditure – revenue appeal dismissed
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