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TRIVENI ENGINEERING WORKS LTD. versus COMMISSIONER OF INCOME-TAX


Approval of expenditure in respect of business expenses The Company's compensation was paid by the Directing Guarantee Commission through the Managing Director's Finding Tribunal that payment was excessive and unreasonable in the year 1969 70 and its payment was appropriate in the assessment year 1973 74 The results will not interfere with the High Court. Inquiries on the Indian Income Tax Act, 1961, Sections 37, 40 and 256 with reference

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