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2003 (7) TMI 36 - HC - Income TaxWhether the High Court right in observing that both the authorities have recorded concurrent findings of facts that the expenditures were incurred by the assessee for the purposes of its business and similar expenses had been allowed in the past are essentially findings of fact? – Held yes - Both the authorities have recorded concurrent findings of facts that the said expenditures were incurred by the assessee for the purposes of its business and similar expenses had been allowed in the past. The said findings are essentially findings of fact. - The inferences drawn by the Tribunal are from factual aspects noted by the Commissioner and, in our view, cannot be said to be based on irrelevant material - Accordingly, we decline to entertain this Revenue’s appeal. Dismissed.
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