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1997 (1) TMI 27 - PATNA HIGH COURTExtract: .......of the rate of 10 per cent. Similarly, I am unable to see how expenditure connected with dealings in raw materials for the period prior to the start of business can be said to be capital expenses. For the reasons stated, I answer the question in the negative, that is to say, against the assessee and in favour of the Revenue. S. N. JHA J.---I agree.
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