2009 (2) TMI 62

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....tion, at the instance of applicant Revenue, for assessment years 1984-85 and 1988-89 :- "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in coming to the conclusion that the expenses of Rs.3,77,242 for A.Y. 1984-85 and Rs.44,856 for A.Y. 88-89 incurred by the assessee for setting up a new unit was allowable as revenue expenditure?" 2. Heard learned s....