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2014 (5) TMI 588 - DELHI HIGH COURTAllowability of expenses u/s 37 of the Act – Production as a part of news achieve – Capital expenses OR revenue expenses - Held that:- The data base of the programmes which are utilised for the creation of ‘news archives’ belonged to the assessee - The future likelihood of the resources being a possible source of revenue, it would not be justify to include it in the capital stream - the expenditure is a part of the entire total expenditure incurred by the assessee which is concededly treated as revenue – Decided against Revenue.
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