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1977 (8) TMI 18 - HC - Income TaxExtract: .......elevant periods may be, we hold that the expenditure incurred by the assessee up to April 3, 1968, on Mr. Roy is capital in nature, and the expenditure incurred by it subsequent to April 3, 1968, is revenue in nature. We answer the reference accordingly. In the circumstances, the parties are directed to bear their own costs. Advocate s fee Rs. 250.
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