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2001 (11) TMI 37 - KERALA HIGH COURTExtract: ....... On the facts, it is, therefore, clear that this is not a business expenditure to which the assessee is entitled to deduction under section 37(1) of the Act. In view of this position, we answer the questions referred to us for decision in I.T.R. No. 234 of 1997 in favour of the Revenue and against the assessee. The references are answered as above.
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