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1982 (10) TMI 60 - ITAT BOMBAY-CExtract: ....... Court reported at (1981) 132 ITR 401 (Guj), which held that the expenditure incurred for an expansion of business, is revenue expenditure and allowable. Therefore, we see no justification to disallow the expenses amounting to Rs. 26,684, being the expenditure incurred on foreign tour to Iran. 20. In the result, assessee s appeal is partly allowed.
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