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1988 (5) TMI 2 - SC - Income TaxExpenditure incurred by the assessee on providing water pipelines and electricity facility to municipality - capital expenditure - Whether the expenditure of Rs. 2, 09, 459 or any portion thereof incurred by the company in the accounting period relevant to the assessment year 1959-60 was allowable as deduction in determining the profits of the company for the assessment year 1959-60
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