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1979 (11) TMI 86 - HC - Income Tax
Extract:
.......ed in the assessment year 1961-62 as well as the question referred in the assessment year 1962-63, in the negative and by saying that sums of Rs. 23,600 and Rs. 17,771 did not constitute capital expenditure but were allowable in the computation of the business expenditure of the assessee. As neither side has succeeded, we make no order as to costs.