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2010 (10) TMI 385 - PUNJAB AND HARYANA HIGH COURTCapital or revenue expenditure - It is not disputed that the deposit by the assessee and interest accrued thereon was incidental to acquisition of asset as deposit itself was made towards margin money for opening the Letter of Credit - Hence, the matter is covered in favour of the assessee by judgments of the Hon'ble Supreme Court in CIT v. Karnal Cooperative Sugar Mills Ltd. [1999 -TMI - 5777 - SUPREME Court] - Held that:- interest was a capital receipt - Decided in favor of the assessee
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