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2021 (7) TMI 442 - ITAT MUMBAIDisallowance of item of expenditure u/s 35(1)(ii) with reference to payment of Rupees Ten crores - HELD THAT:- The payee was duly approved when the payment was done. By no stretch of imagination it can be said that the assessee could have done the impossible and known that subsequently the approval will be withdrawn. We set aside the order of authorities below. The assessee is therefore held to be eligible for deduction u/s 35(1)(ii) of the Act. - Appeal filed by the assessee is allowed.
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