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1979 (10) TMI 124

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....lowable as a deduction in computing the total income of the assessee from business. 2. The assessee is a company engaged in the manufacture of yarn. The assessee claimed before the ITO that a sum of Rs. 5,48,950 being the sur-tax liability for the company for 1975-76 should be allowed as an admissible expense under s.37 of the Act as according to the assessee the payment was incidental to the car....