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1987 (1) TMI 190 - AT - Income TaxExtract: .......section 37(2A), the amount of Rs. 1,30,682 will have to be treated as entertainment expenses within the meaning of section 37(2A) and the assessee will be entitled to claim the amount as deduction. The ITO will however allow deduction to the assessee, to the extent permitted under that section if it is not already allowwed and disallow the balance.
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