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1985 (9) TMI 61 - BOMBAY HIGH COURTExtract: .......nsidered in regard to the principal argument. Our conclusion upon the principal argument being what it is, the said expenditure must be held to be capital expenditure and not allowable as deduction. In the result, the question is answered in the negative and in favour of the Revenue. The assessee shall pay to the Revenue the costs of the reference.
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