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1983 (8) TMI 4 - HC - Income TaxExtract: .......or the respective assessment years to the Swiss company were revenue expenditure and not capital expenditure. Question No. 2 The payment of Rs. 1,19,500 made by the assessee to the American company for the assessment year 1965-66 was revenue expenditure and not capital expenditure. The Commissioner to pay the costs of the reference to the assessee.
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