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1994 (12) TMI 35 - HC - Income TaxExtract: .......he Supreme Court in Swaseshi Cotton Mills case 1967 63 ITR 65, we consider that the order passed by the Tribunal in holding that the damages paid by the assessee as a revenue expenditure is not acceptable. Accordingly, we answer the question referred to us in the negative and in favour of the Department. However, there will be no order as to costs.
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