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2008 (10) TMI 649 - HC - Income TaxExtract: .......re submitting its bid. If the assessee is not successful in obtaining bid, such expenditure is allowable as revenue expenditure. The Tribunal has held that merely because the assessee failed to secure a bid, the expenditure cannot be disallowed. The finding recorded by the tribunal is finding of fact. No question of law arises. Appeal is dismissed.
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