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2008 (1) TMI 313 - KERALA HIGH COURTAmount paid by the assessee to the State Irrigation Department being part of the cost incurred for cement lining of an irrigation canal serving sugarcane cultivators – expenditure lead to increase in production of sugarcane - assessee derived benefit out of this expenditure, but did not create any asset for itself – hence, tribunal is right in holding that the deduction claimed by the assessee was allowable as revenue expenditure under section 37(1)
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