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1992 (8) TMI 26 - HC - Income TaxExtract: .......l Bros. 1977 106 ITR 424, we hold that the Tribunal was right in holding that the aforesaid expenses could not be treated as entertainment expenses within the meaning of section 37(2B) and in deleting their disallowance. We, accordingly, answer the third question in the affirmative, i.e., in favour of the assessee and against the Revenue. No costs.
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