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2007 (11) TMI 374 - HC - Income TaxCapital or Revenue Expenditure- The assessee paid Rs. 24,22,063 to a co-operative society on account of contribution for common effluent treatment plant and claimed deduction thereof. The Assessing Officer disallowed the amount. The Commissioner (Appeals) and Tribunal held that the assessee had made only a contribution for lying down the pipeline for the purpose of carrying effluent discharge to protecting business as on going entity. Held that- there was no merit in the appeal, dismiss the appeal.
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