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2012 (11) TMI 1168 - HC - Income TaxExtract: .......ible or nonconvertible is a loan allowable as revenue expenditure. Admittedly, the SLP filed by the Revenue against the said decision has been dismissed by the Apex Court on 11th August 2009. In this view of the matter, the second question raised by the Revenue cannot be entertained. 6. The appeal is accordingly dismissed with no order as to costs.
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