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2010 (4) TMI 882 - AT - Income TaxExtract: ....... when the built-up space is sold by the assessee-company. Therefore, in our opinion also, the.cost of acquisition of development rights are in the nature of revenue expenditure and not cost of acquisition of any other capital asset. Therefore, we cannot accept the grounds of this appeal. 4. In the result, the appeal of the revenue stands dismissed.
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