COMMISSIONER OF INCOME-TAX versus AHMEDABAD COTTON MFG. CO. LTD.
Under the Business Expenses Act or the Legal Scheme, money paid on the option of SCCC is not allowed because the textile mills of textile mills are received by the textile commissioner in lieu of producing and packing cloth. Paid for export. Clean cloth allowable expenditure under the authority in bonds Indian Income Tax Act, 1961, Section 37 Indian Cotton Textile (Control) Order, 1948, C1 21C (1) (B)
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