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2000 (1) TMI 6 - KARNATAKA HIGH COURTExtract: .......s were for the purpose of business and on the commercial expediency to carry out such business effectively and as such we are of the view that the Income-tax Appellate Tribunal was right in law in holding that raid expenses are allowable under section 37(1). The reference is accordingly answered in favour of the assessee and against the Department.
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