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1985 (10) TMI 85 - HC - Income TaxExtract: .......allowable expenditure. On the basis of the aforesaid authority, we hold that the expenditure incurred by the assessee in the form of replacement of tin shed was a revenue expenditure and admissible under the Income-tax Act, 1961. Our answer to the reference is, therefore, in the affirmative, i. e., in favour of the assessee and against the Revenue.
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