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1994 (1) TMI 42 - HC - Income TaxExtract: .......e the nature of the same, whether old or new. In the circumstances, we have to affirm the finding of the Tribunal that the expenditure incurred was not capital in nature and the assessee was entitled to deduction of the amount as revenue expenditure. The question referred, therefore, is answered in the affirmative and against the Revenue. No costs.
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