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1986 (1) TMI 84 - HC - Income Tax
Extract:
.......d by the assessee thus is really incidental to the carrying on of the business and hence an expenditure laid out wholly and exclusively for the purpose of the business and, as such, a permissible deduction under section 37 of the Income-tax Act. For the reasons stated above, the question is answered in the affirmative and in favour of the assessee.