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2003 (5) TMI 20 - HC - Income TaxExpenditure incurred in restoring the swimming pool and the boundary wall – revenue/capital expenditure - Whether the swimming pool and the boundary wall have been constructed or reconstructed at the court's order that does not make any difference in the nature of expenses. Once the expenses are on the assets, which are of enduring nature that expenditure should be allowed as capital expenditure - Tribunal has committed error in allowing the expenses in question as revenue expenses.
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