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1988 (12) TMI 28 - HC - Income TaxExtract: .......he expenditure and the purpose for which it was incurred, we hold that the expenditure was of revenue nature. Accordingly, the first question referred to us is answered in the affirmative and in favour of the assessee. In view of our answer to the first question, the second question does not survive and is returned unanswered. No order as to costs.
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