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1997 (9) TMI 65 - MADHYA PRADESH HIGH COURTExtract: .......ciety and as such, it has to be treated as business expenditure and will have the protective umbrella of section 80P(2) of the Income-tax Act. Viewing this matter in the above perspective we are of the opinion that the approach of the Tribunal was correct. Consequently, we answer both the questions in favour of the assessee and against the Revenue.
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