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2000 (11) TMI 24 - MADRAS HIGH COURT
Extract:
.......ring it within the ratio of the decision in the case of L. H. Sugar Factory and Oil Mills (P.) Ltd. v. CIT 1980 125 ITR 293 (SC). We, therefore, do not see any justification for calling for a reference. The Tribunal has rightly held that the amount is to be treated as revenue expenditure. The assessment year is 1991-92. The petitions are dismissed.