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1988 (5) TMI 372 - SC - Income TaxExtract: ....... to the assessee company but to the municipality. In these circumstances, applying the principles laid down in Empire Jute Co.'s case the expenditure is clearly liable to be allowed as deductible from the profits under Section 10(2) (xv) of the Indian Income-tax Act. In the result, the appeal fails and is dismissed with costs. Appeal dismissed.
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