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2010 (9) TMI 274 - HC - Income TaxAssessee replaced old air conditioners in their hotel by equal number of new air conditioners under a buy-back scheme - Held that: - Capital expenditure - not allowed - If the advantage consists merely in facilitating the assessee's business to be carried on more effectively or more profitably while leaving the fixed capital untouched, the expenditure would be on revenue account, even though the advantage may endure for an indefinite future - matter requires consideration on the grounds raised in appeal
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