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1990 (11) TMI 110 - HC - Income TaxExtract: ....... paid towards the purchase of "raw material and finished goods". If so, it is certainly a revenue expenditure and a legitimate deduction. For the above reasons, we answer the second question in I. T. R. No. 614 of 1977, also in the afirmative, that is, in favour of the assessee and against the Revenue. There shall be no order as to costs.
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