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2008 (8) TMI 19 - HC - Income TaxAssessee paid sum of Rs 10,64,930/- to the State Electricity Board for installing the transformer and LT Lines for supply of electricity to its factory - though the assessee had spent some amount towards transformer and LT Lines ownership of the same did not belong to the assessee, but belonged to the State Electricity Board and, therefore, the benefit that the assessee got was of a commercial nature and was in the nature of a business advantage- hence these expenses are revenue expenditure
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