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2011 (1) TMI 1554 - AT - Income TaxExtract: .......xpenditure was incurred by the assessee for acquiring certain articles which are capital in nature. Therefore, the expenditure cannot be allowed as revenue expenditure. Accordingly, we uphold the order of the authorities below qua this issue. 23. In the result, the appeal of the assessee is partly allowed. Pronounced in the open court on 07.1.2011.
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