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2006 (6) TMI 251 - AT - Income TaxExtract: .......eing brought into existence. Since, the expenditure does not bring into existence any new capital asset and since the expenditure is merely for replacement and expenses of painting etc. the same is to be treated as revenue expenditure and allowable as such. 7. In the result, the appeal is allowed. 8. Order pronounced in the open Court on 13-6-2006.
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