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2009 (1) TMI 7 - HC - Income TaxExpenses on modernization of units - administrative expenses – tribunal hold that though the expenses had been capitalized in the books of accounts, this would not be conclusive of the nature as to whether the expenditure was of a capital nature or revenue nature – tribunal’s decision that as the new unit was part of the existing business and there was unity of control and interlacing of the units, the expenses incurred for the setting up of a new unit, would be of a revenue nature, is correct
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