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2007 (6) TMI 199 - HC - Income TaxAdvertisement expenses - Assessee incurred expenses to earn profits in its business of marketing and not in its personal capacity as an agent to its sister concerns - Marketing of the products manufactured by sister concern, by itself, is a trade undertaken by the assessee and the expenses in question claimed by the assessee are the expenses incurred during the course of such marketing – hence impugned expenses are allowable for deduction
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