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2008 (1) TMI 583 - HC - Income TaxCapital or Revenue Expenditure- The assessee replaced the old mono sound system in its Cinema theatre with new dolby stereo system and claimed it as a revenue expenditure. The Assessing Officer held that it was capital expenditure. The Commissioner (Appeals) dismissed the appeal filed by the assessee. The Tribunal held that the expenditure would amount to revenue expenditure. Held that- if the assessee had not increased its income in any way, the expenditure on such change of sound system could not be considered capital in nature. Appeal dismissed.
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