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1989 (7) TMI 336 - HC - Income TaxExtract: .......he reasons aforesaid we are of the view that the Tribunal was not justified on the facts of this case in allowing the expenditure on reconstruction of the furnace as expenditure on current repairs or as revenue expenditure. We, therefore, answer the first question in the negative and in favour of the revenue. 26. There will be no order as to costs.
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