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1991 (6) TMI 57 - HC - Income TaxExtract: .......sion that the business had not been stopped, it is apparent that the ratio of the aforesaid Supreme Court decision in CIT v. Gemini Cashew Sales Corporation 1967 65 ITR 643 would not apply and the payment made on account of gratuity would be a deductible expenditure if the same had been incurred for commercial expediency. D. M. PATNAIK J. -I agree.
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