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1984 (7) TMI 94 - AT - Income Tax

The department objected to capitalization of Rs. 66,975.11 out of total claim of Rs. 1,68,887.64. The CIT(A) directed to capitalize only Rs. 67,000 and treat the rest as revenue expenditure. The Tribunal dismissed the appeal as the expenses were correctly classified by the assessee.

 

 

 

 

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