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2016 (2) TMI 518 - HC - Income TaxExpenditure incurred on procurement of research reports - revenue v/s capital expenditure - Held that:- The expenditure incurred in respect of same business is allowable as revenue expenditure, even if it is for expansion of the business. In the instant case here too admittedly the expenditure even as per the revenue is for expansion of business and therefore such expenditure on research reports obtained in the course is revenue expenditure.
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