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2001 (2) TMI 108 - ANDHRA PRADESH HIGH COURTExtract: ....... time of taking over of the assets from its predecessor. By no stretch of imagination, the expenditure incurred by the assessee could be called the revenue expenditure for allowing as a deduction from the income of the assessee. Under the above circumstances, we answer the question in the negative, in favour of the Revenue and against the assessee.
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