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1978 (1) TMI 53 - HC - Income TaxExtract: .......n that the expenditure in question was capital in character not admissible for deduction under the provision of section 37(1) of the Income-tax Act, 1961. In the premises, the question is answered in the negative and in favour of the revenue. In the facts and circumstances of this case, each party will pay and bear its own costs. GUHA J.-- I agree.
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