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2012 (12) TMI 896 - SCH - Income TaxCost of replacement of machinery - Revenue or capital in nature - Assessee is engaged in manufacture of yarn in Textile mill - Held that:- Following the decision in case of SARAVANA SPINNING MILLS P. LTD.(2007 (8) TMI 16 - SUPREME COURT OF INDIA) that contention of revenue was correct and set aside assessee claim. In favour of revenue
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