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1984 (5) TMI 40 - HC - Income TaxExtract: .......see was a loss in income and not a gain, though the eventual result might be a gain. In the circumstances, the question referred to us has to be answered in the affirmative, in favour of the assessee and against the Department. We have to hold that the amount of Rs. 68,000 was a revenue expenditure, but we leave the parties to bear their own costs.
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