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1980 (1) TMI 1 - SUPREME COURT
Assessee carried on business in coal as the owner of various collieries. The South Samla Colliery, which was one of them, was occupied by the military from 1942 until it was derequisitioned in 1955 - Whether Appellate Tribunal was justified in holding that the expenditure claimed on the South Samla Colliery at Rs. 1,61,742 was capital in nature - High Court is right in holding that the expenditure is not of a capital nature