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Expenses for Mawa Unit Expansion Allowed u/s 37 as Business Expansion, Not New Industry Establishment.

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Full Text of the Document

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....Allowable expenditure u/s 37 - assessee in the business of Milk products - set up unit for production of Mawa being also a milk product is a case of expansion of existing business and not a case of setting up of new industry - related expenses duly allowable....