Assessee, a foreign bank, incurred expenses for inviting NRIs to open deposits in its Indian branches. Such expenses were incurred in accordance with a Reserve Bank of India circular dated 16-10-1991. Tribunal held that  since said expenditure was incurred solely for purpose of business of assessee in India, same is  to be allowed. Order of Tribunal is affirmed by High Court. (AY. 1992-93, 1994-95,  1995-96)