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2000 (11) TMI 117 - HC - Income TaxExtract: .......ment for obtaining the 17-year lease of the shop in Srinagar at a monthly rent of Rs. 300, was a revenue expenditure. It is an expenditure of capital nature. We, therefore, answer the question referred to us in the negative, i.e., in favour of the Revenue and against the assessee. This reference is disposed of accordingly with no order as to costs.
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