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1988 (12) TMI 46 - HC - Income TaxExtract: ....... original assessment. Accordingly, the question is answered in favour of the assessee by saying that the expenditure incurred in purchase of loom-hours is revenue expenditure allowable as a deduction and such expenditure cannot be disallowed in the assessment reopened under section 147(a). There will be no order as to costs. J. N. HORE J. -I agree.
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