2010 (9) TMI 274
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....r the CIT. The assessee replaced old air conditioners in their hotel by equal number of new air conditioners under a buy-back scheme. In view of the judgments in Commissioner of Income Tax & anr vs. Sagar Talkies (2008) 217 CTR (Kar) 74 (DB) and a better view taken by Punjab and Haryana High Court in Commissioner of Income Tax vs. Industrial, Cables (India) Ltd. (2007) 209 CTR ....
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