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1993 (3) TMI 154 - AT - Income TaxExtract: .......be treated as an allowable deduction since it has no bearing on the earning of the said income. The provisions of section 57 of the Income-tax Act, 1961 do not envisage any such deduction. In this view of the matter, we set aside the order passed by the DC (Appeals) and restore that of the Income-tax Officer. 7. In the result, the appeal is allowed
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