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1999 (9) TMI 40 - KARNATAKA HIGH COURTExtract: .......on of the lease. Though it is not acquisition of property but a lease, it was held that the expenditure was not deductible from the income. In the light of the above, we find that the order of the Income-tax Appellate Tribunal is not liable to be reconsidered. Accordingly, the reference is answered in favour of the Revenue and against the assessee.
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