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1988 (3) TMI 132 - ITAT HYDERABAD-BExtract: .......as no legal justification based on sound accounting principles which entitle the appellant-company to claim deduction to the extent of Rs. 30,500 during the year in account. We, therefore, approve of the Commissioner s stand which does not suffer from any blemish or legal infirmity. 20. In the result, the assessee fails and the appeal is dismissed.
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