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1994 (10) TMI 7 - MADRAS HIGH COURT
Extract:
....... or imported for the purpose of the business of the assessee. In the absence of any immediate and direct nexus of the sale of the licences by the assessee, and its business activities, we hold that the Tribunal has erred in granting benefit to such income to the assessee under section 80J of the Act. The reference is answered accordingly. No costs.