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1977 (9) TMI 5 - BOMBAY HIGH COURTExtract: .......ch came to be borne by the assessee was in the nature of a revenue expenditure. Accordingly, our answer to the question referred is in the negative and the assessee is not entitled to a deduction of the sum of Rs. 49,009 under s. 37(1) of the I.T. Act, 1961, as his expenditure is of a capital nature. The assessee shall pay the costs of the revenue.
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