2007 (8) TMI 744

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....ave been referred for our opinion under section 256(1) of the Income-tax Act, 1961 :- "1. Whether on the facts and in the circumstances of the case, the Tribunal was justified in holding that expenditure of Rs. 91,200 was of capital nature ? 2. Whether the Tribunal was justified in invoking the provision of section 32(1A) and to hold that expenditure of Rs. 91,200 was an expendit....