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2012 (6) TMI 685 - HC - Income TaxProfessional fees paid to the consultants in relation to cement project - capital expenditure or revenue expenditure? - Held that:- As decided in CIT Versus J. K. Chemicals Limited [1992 (10) TMI 18 (HC)]where the expenditure is incurred for the project /feasibility report in connection with exploring the feasibility of a new business venture different from the existing line of business then such expenditure is capital expenditure and not revenue expenditure - decided in favour of the Revenue
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