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<h1>Bombay HC rules on deduction of expenditure to Gujarat Electricity Board, deems other expenses academic.</h1> The Bombay HC ruled in favor of the assessee regarding the deduction of expenditure made to the Gujarat Electricity Board. The Court declined to address ... - The Bombay High Court ruled in favor of the assessee regarding the deduction of expenditure made to the Gujarat Electricity Board. However, the Court declined to answer questions regarding other expenditures as they were considered academic due to the passage of time and potential waste of resources.