Contribution to National H.V..D.C. Project - Deduction u/s 37(1) - Allowable revenue expenditure - It...

Contribution to National H.V..D.C. Project - Deduction u/s 37(1) - Allowable revenue expenditure - It was not a voluntary contribution/donation but was given on specific directions of the Government of India - it was wholly, necessarily and exclusively for the purpose of business - Claim of deduction of expenditure cannot be denied. .....

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