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1991 (1) TMI 88 - HC - Income TaxExtract: ........ The payments would fall within the concept of expenditure propounded by Sri Prasad on behalf of the assessee. If so, section 40A(3) would govern the situation directly. In view of the aforesaid conclusion of ours, the answer to the question will have to be necessarily in the affirmative and against the assessee. Reference is answered accordingly.
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