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2008 (6) TMI 306 - AT - Income TaxExtract: .......mercial expediency and having been incurred for the purpose of business, it is to be allowed under s. 37(1) of the Act. Accordingly, we are of the view that this is allowable expenditure and we allow the same. The orders of the lower authorities are reversed and the appeal of the assessee is allowed. 12. In the result, assessee s appeal is allowed.
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