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1979 (9) TMI 14 - HC - Income TaxExtract: .......to be considered as repairs made for the upkeep of the cinema building. As such, the amount spent by the assessee on the so-called renovation was of the nature of revenue expenditure falling within s. 10(2)(xv) of the Act and is, therefore, an allowable deduction. In this view of the matter, we answer the question referred to us in the affirmative.
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