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1976 (1) TMI 10 - HC - Income TaxExtract: .......n referred, therefore, is On the facts and in the circumstances of the case, though the Tribunal was not justified in allowing depreciation at 1/ 11th of the expenditure reckoned with the year of construction as deferred revenue expenditure, the expenditure was of revenue nature. We make no order as to costs of the proceeding. N. K. DAS J.-I agree.
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