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1975 (7) TMI 36 - HC - Income TaxExtract: ....... incurred in the instant case for the construction of the dams was in the nature of capital expenditure and not revenue expenditure. Accordingly, we answer the question referred at the instance of the revenue in the negative and in favour of the revenue. Each party will pay and bear its own costs. DEB J.--I agree. Question answered in the negative.
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