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2001 (12) TMI 44 - HC - Income TaxExtract: .......xtent incurred. Expenditure incurred on on-going construction of a building designed for housing the research wing is clearly capital expenditure and is deductible under this provision. The question referred to us is therefore answered in favour of the assessee and against the Revenue. The assessee shall be entitled to costs in the sum of Rs.1,500.
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