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2002 (1) TMI 22 - HC - Income Tax"Whether, on the facts and in the circumstances of the case, the expenses of Rs.23,698 incurred by the assessee in procurement of materials for exports, though no materials were actually procured and no export was actually done, could be allowed as a revenue expenditure, though such expenses have been incurred very much after the company has come into existence?" - we answer the question in the affirmative, i.e., in favour of the assessee and against the Revenue.
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