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1980 (10) TMI 82 - AT - Income Tax

The assessee, a registered firm selling yarn, claimed expenses for stabilisers, bad debt, and entertainment. The ITAT Ahmedabad allowed the stabiliser and bad debt claims, considering them as revenue expenditure. The entertainment expenses were also allowed based on the Gujarat High Court's decision. The appeal was partly allowed. (Case citation: 1980 (10) TMI 82 - ITAT AHMEDABAD-A)

 

 

 

 

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