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1989 (2) TMI 32 - HC - Income TaxExtract: .......ired to be answered is whether expenditure of Rs. 45,149 in such circumstances is capital expenditure. We see that the investment was made to run the factory efficiently. We hold in the facts of the case that the expenditure is of revenue nature and answer the question in the affirmative, in favour of the assessee and against the Revenue. No costs.
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