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2008 (9) TMI 869 - AT - Income TaxExtract: .......are of the considered opinion that the assessee is not entitled to claim deduction for the said sum of Rs. 10 lakhs by treating it as revenue expenditure. However it is open to PHPL for taking remedial action as per law, if it considers expedient. In the result, the appeal filed by the Revenue is allowed. The order pronounced on September 30, 2008.
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