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2011 (2) TMI 359 - HC - Income TaxDisallowance - Capital or revenue expenditure - Scrutiny - The issue is no longer res integra This Court in Commissioner of Income Tax vs. Liberty Group Marketing Division, (2008 -TMI - 31190 - PUNJAB AND HARYANA HIGH COURT) considered the similar question and held that glow sign board is not an asset of permanent nature but requires frequent replacement - Hence the expenditure is treated as revenue expenditure - Decided in the favour of the assessee
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