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1993 (8) TMI 39 - HC - Income TaxExtract: .......in it and in view of the decision of this court in CIT v. Patel Brothers and Co. Ltd. 1977 106 ITR 424, the same was rightly held as allowable expenditure as it was not hit by section 37(2B) of the Act. We, therefore, answer all the three questions in the affirmative, that is, against the Revenue and in favour of the assessee. No order as to costs.
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