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1978 (6) TMI 11 - HC - Income TaxExtract: .......n payment of certain sum was held to be a capital expenditure. In our view, therefore, the Tribunal is right in holding that the sum of Rs. 1,50,000 was not deductible as an allowable expenditure. The question is, therefore, answered in the affirmative and against the assessee. The assessee will pay the costs of the revenue which we fix at Rs. 250.
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