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1987 (3) TMI 46 - HC - Income TaxExtract: .......quired replacement, and (b) that, when replaced, they were replaced with more powerful engines. In these circumstances, the replacement was found to be intended to bring about an asset of an enduring character and the expenditure incurred was held to be capital expenditure. In the premises, we discharge the rule. There will be no order as to costs.
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