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2000 (6) TMI 118 - AT - Income Tax
Extract:
.......amount of Rs.1,56,76,000 is clearly deductible under section 36(1)(iii). Therefore, this ground of appeal No. (2) in ITA No. 444/Ahd/ 1997 is allowed in view of the majority view of the Members as per section 255(4) of the Act. 2. In the result, the appeal filed by the assessee is partly allowed whereas the appeal filed by the Revenue is dismissed.