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1999 (4) TMI 50 - HC - Income Tax
Extract:
.......ture by way of subscription to the clubs is an allowable expenditure. It is not possible to take a narrow or a rigid view on the question of allowability of business expenditure. Accordingly, we answer the third question of law in the affirmative and against the Revenue. However, in the circumstances of the case, there will be no order as to costs.