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1986 (7) TMI 64 - HC - Income TaxExtract: ....... in our opinion, erred in holding that the Income-tax Officer rightly held that the sum of Rs. 6,000 claimed by the assessee was capital expenditure. Our answer to the question referred to this court, is, therefore, in the negative and in favour of the assessee. In the circumstances of the case, parties shall bear their own costs of this reference.
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