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1976 (12) TMI 99 - ITAT MADRAS-DExtract: .......t at all. In this view of the matter the disallowance of the above expenditure is unsustainable. We set aside the disallowance of the claim of Rs. 99,990 in its entirely. In this view of the matter it is not necessary for us to consider the alternative contention raised by the assessee on the basis of s. 37(2B) of the Act. 6. The appeal is allowed.
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