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1985 (5) TMI 51 - HC - Income TaxExtract: .......he assessee is of the nature of entertainment expenditure within the meaning of s. 37(2A) of the Act and after the coming into force of Explanation (2), there could not be two opinions in this matter. Accordingly, we answer the question in the negative, in favour of the Revenue and against the assessee. The parties are left to bear their own costs.
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