1987 (1) TMI 5

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....instance of the Revenue, the following three questions have been referred to this court under section 256(1) of the Income-tax Act: "1. Whether, on the facts and in the circumstances of the case, Rs. 34,008, being 50% of the expenditure incurred by the assessee for providing carpets and screens in the two cinema theatres is to be allowed as revenue expenditure for the assessment year 1972-73 ? ....