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2008 (9) TMI 309 - SC ORDERAssessee claimed the aid given to the residents living in the vicinity of the factory of the assessees as a business expenditure under section 37 of the Income-tax Act. Tribunal and HC allowed the amount of aid given to residents living in the vicinity as business expenditure – SC observed no finding on this aspect in the impugned judgment of the Tribunal as well as in the judgment of the High Court – therefore matter remanded to tribunal after setting aside the orders.
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