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2009 (1) TMI 78 - MADRAS HIGH COURTReplacement cost of machinery – AO held that capacity of the machinery had increased and provided an enduring benefit and advantage in the production and disallowed the claim of assessee for deduction as revenue expenditure – Commissioner held that addition should be deleted and treated as revenue expenditure - issue involved is covered by the SC’s decision in the case of CIT v. Ramaraju Surgical Cotton Mills - matter to the CIT (Appeals) with a direction to consider the matter again afresh
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