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2007 (1) TMI 121 - HC - Income TaxExtract: .......re incurred by the assessee for installing water treatment plant is a capital expenditure and not revenue expenditure and we find ourselves unable to agree with the reasoning of the Division Bench in Steel Complex Ltd.'s case 1999 238 ITR 1054 (Ker), which in our view cannot be of universal application and is confined to the facts of that case.
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