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1999 (2) TMI 102 - AT - Income TaxExtract: .......n view of facts and circumstances cannot be held to be expenses towards business promotion. It is a trading expense and CIT(A) was fully justified in directing for excluding such expense in working out disallowance under section 37(3A) of the Act. So his action being in conformity with law is confirmed and this ground of the revenue gets dismissed.
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