Expenses by candidates in contesting elections to Parliament and State Legislatures can be allowed as deduction while framing income-tax assessment.

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..... culars - Income Tax - INSTRUCTION NO. 953/CBDT Dated : May 5, 1976 Section(s) Referred: 37 Statute: Income - Tax Act, 1961 Reference is invited to Board's Instruction (F.No.200/15/7 .....

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..... rred in contesting the elections will not be allowable as a deduction while computing the income of a candidate irrespective of the fact whether he has won or lost the election. - Circular - Trade N .....

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