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1956 (10) TMI 34 - HC - Income TaxExtract: .......or several years to come after the repairs have been effected. As no new asset has been created by the replacement of these parts, the expenditure must be held to be in respect of current repairs. We hold that the expenditure is revenue and not capital expenditure. 6. Costs on the Department. Hearing fee ₹ 100. Reference answered accordingly.
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