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2000 (11) TMI 105 - HC - Income TaxExtract: .......al on an appreciation of evidence present on the record came to the conclusion that the expenditure incurred was for acquiring a capital asset and, therefore, the same would be a capital expenditure. For the reasons stated above, we answer both the questions referred to us in the affirmative, i.e., in favour of the Revenue and against the assessee.
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