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1993 (4) TMI 22 - HC - Income TaxExtract: .......ny further. In view of the foregoing we are of the clear opinion that the payment of Rs. 75,000 made by the assessee in the instant case was not an admissible expenditure under section 37(1) of the Act. The question referred to us is, therefore, answered in the negative, i.e., in favour of the Revenue and against the assessee. No order as to costs.
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