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1993 (11) TMI 38 - HC - Income TaxExtract: .......ex court in Sabarkantha Zilla Kharid Vechan Sangh Ltd. v. CIT 1993 203 ITR 1027, we are of the view that the Income-tax Appellate Tribunal was justified in not allowing the entire expenditure and the allocation on proportionate basis was in accordance with law. The reference is accordingly answered in favour of the Revenue and against the assessee.
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