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1988 (4) TMI 96 - AT - Income TaxExtract: .......ent. 8. In view of the aforesaid discussion, we are satisfied that the expenditure incurred is a bona fide business expenditure and was rightly treated as such by the AAC. Therefore, we decline to interfere with the order of the AAC and which is confirmed, for both the years in both the firms. In the result, the departmental, appeals are dismissed.
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