2002 (2) TMI 33

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....tax Act, 1961, the Tribunal has referred the following question for our opinion: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal erred in holding that the expenditure of Rs. 30,183 incurred by the assessee for development of land was a revenue nature and not of a capital nature and was therefore allowable?" The Income-tax Officer has disallowed Rs. 30,183 ....