Sunday, March 27, 2011

DT Recent Case Laws - CIT v. Sagar Talkies 2010(Karn.)

CIT v. Sagar Talkies 2010(Karn.)
Assessee replaced the old sound system with a new Dolby stereo system. Since there was no change in seating capacity, the expenditure on such change of sound system could not be considered as capital expenditure

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