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2008 (3) TMI 352 - AT - Income TaxExtract: ....... not only contractual obligation of the assessee-company, but also on account of commercial expediency, the same was incurred wholly and exclusively for the purpose of business, therefore, required to be allowed as a business expenditure. In the result, the appeal of the assessee is allowed. The order pronounced in the open court on March 31, 2008.
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