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2002 (6) TMI 34 - HC - Income TaxBusiness Expenditure, Company - "Whether, on the facts and circumstances of the case, the Tribunal was right in holding that the expenditure incurred on the foreign tour of a wife of the director of a company is not an allowable deduction under the Income-tax Act, 1961?" - we do not think that any interference is called for, with the concurrent findings of fact arrived at by the assessing authority, the appellate authority and the Tribunal that no materials are available to establish that the expenditure incurred on the foreign tour of the wife of the director of the assessee-company was for its business purposes. We answer the question referred, against the assessee and in favour of the Department.
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