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1998 (8) TMI 60 - HC - Income TaxExtract: .......t, we are in complete agreement with the view, taken by the Appellate Tribunal that the expenditure incurred for the water treatment plant and fume extraction plant, was revenue expenditure and hence allowable deduction. In the result, we answer the abovementioned question in the negative, that is, in favour of the assessee and against the Revenue.
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