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2010 (3) TMI 471 - HC - Income TaxCapital or revenue expenditure- The assessee incurred expenditure in connection with load extension and purchase of distribution panel and claimed deduction of it. The Assessing Officer rejected the claim but the Commissioner (Appeals) and the Tribunal allowed it. Held that- the expenditure had been incurred in the ordinary course of business. Tribunal found that no assets of enduring nature come into existence by the expenditure. Thus the expenditure is deductible.
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