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1981 (3) TMI 106 - ITAT CALCUTTA-EExtract: .......n expenditure in the nature of repairs and replacements was revenue and not capital, as held by the Bombay High Court in 97 ITR 24(Bom). Holding likewise, we delete the entire addition of Rs. 5,000 made by the tax authorities, the balance expenditure being admittedly of revenue nature. 9. In the result, the appeal by the assessee is partly allowed.
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