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2016 (12) TMI 1345 - ITAT MUMBAIDisallowance of the repairs and maintenance expenses treating the same as capital - expenditure after allowing depreciation - Held that:- Assessee has incurred expenses in the nature of current repairs u/s 30 of the Act and hence the same cannot be treated as capital expenditure in the absence of creation of any new asset of enduring nature and hold them to be revenue expenditure. However, consequently the depreciation allowed by the Revenue shall be adjusted accordingly in accordance with our above orders.
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