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2003 (1) TMI 269 - AT - Income TaxExtract: .......old that the assessee is entitled for deduction under section 37 of the Act, of only payments aggregating to an amount of Rs. 31,48,048, as expenditure incurred out of commercial expediency. The rest of the payments in other subsequent years may be considered for deduction in respective years. 19. In the result, assessee s appeal is partly allowed.
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