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1993 (3) TMI 21 - HC - Income TaxExtract: .......y the assessee on payment of the instalment of the price for export rights under clause 4(b) of the agreement was capital expenditure. Accordingly, we answer the second question referred to us in the affirmative, i.e., in favour of the Revenue and against the assessee. In the facts and circumstances of the case, there shall be no order as to costs.
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