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1984 (6) TMI 45 - HC - Income TaxExtract: .......wledge is only with regard to manufacture of products with a view to earn more profits and has nothing to do with the manufacture of machinery. In the circumstances, the view of the Income-tax Appellate Tribunal that the expenditure is revenue in character is fully justified. We answer the reference in the affirmative and in favour of the assessee.
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