1999 (7) TMI 12

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..... d:- 22-7-1999 - Judge(s) : R. JAYASIMHA BABU., MRS. A. SUBBULAKSHMY JUDGMENT The judgment of the court was delivered by R. JAYASIMHA BABU J.---The Revenue seeks a reference from the order of .....

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..... xpenditure of replacement of parts of machinery is not to be regarded as capital in nature. The Revenue's contention that the cost of replacement of ring frames should be treated as capital expenditur .....

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