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2001 (4) TMI 23 - HC - Income TaxExtract: .......sults in disallowance of the claim made by certain taxpayers to deduction of payments on account of protection money, extortion, hafta, bribes, etc., as business expenditure. In view of the aforesaid amendment, we answer the question in favour of the Revenue and against the assessee. The reference is accordingly rejected. CH. P.K. MISRA J.-I agree.
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