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1983 (2) TMI 18 - HC - Income TaxExtract: .......the material on record. In view of this finding, the Tribunal was justified in holding that the said expenditure was capital in nature. Therefore, our answer to question No. 2 is in the affirmative and against the assessee. The reference is answered accordingly. In the circumstances of the case, parties shall bear their own costs of this reference.
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