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2003 (12) TMI 28 - HC - Income Tax"Whether, Tribunal was justified in holding that the investment of Rs. 1,05,377 on repairs to building was made for the enduring benefit and it cannot be termed as business expenditure?" - Investment in the construction and repairs was made after the execution of the agreement to sale under the belief that the assessee will own the property very soon – Thus, we are of the view that the Tribunal was justified in holding that the expenditure of Rs. 1,05,377 was not revenue expenditure.
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