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1998 (4) TMI 108 - HC - Income TaxExtract: ....... loss is obviously required to be considered as a capital expenditure and it cannot be allowed as a revenue expenditure, as rightly held by the Tribunal. Question No. 6 is answered in the affirmative and against the assessee. The questions referred to us stand answered as above and the reference is disposed of accordingly with no order as to costs.
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