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2001 (6) TMI 696 - ITAT MUMBAIExtract: .......lly fall under sections 30 and 31 and, therefore, following the decision in CIT v. Chase Bright Steel Ltd. 1989 177 ITR 124 (Bom.) such expenses cannot be considered for disallowance under section 37(3A). In this view of the matter, we uphold the decision of the CIT(A) and reject the appeal of the revenue. 7. In the result, the appeal is dismissed.
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