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2001 (10) TMI 48 - HC - Income TaxExtract: .......ght in law in holding that the by the assessee is a revenue expenditure? , this guarantee commission paid question also has to be and is answered in favour of the assessee in the light of the decision of the Supreme Court in the case of CIT v. Sivakami Mills Ltd. 1997 227 ITR 465, wherein the court held that such expenditure is revenue expenditure.
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