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2003 (10) TMI 31 - HC - Income TaxExpenditure on repair and maintenance – revenue/capital expenditure - The assessee is a company. It runs a hotel by the name Hotel Savoy at Mussoorie which is a hilly area - On the facts the assessee has shown that it is required to incur expenditure at regular intervals due to whether conditions prevailing in Mussoorie. Hence, the expenditure was in the nature of "current expenditure" - Tribunal was right in holding that the above expenditure was revenue expenditure
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