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1975 (3) TMI 17 - MADRAS HIGH COURTExtract: ....... test. The fact that the agreement did not fix any lump sum consideration but referred to a periodical payment linked to the production or turnover, does not in any way take it out of the category of a capital expenditure. For the foregoing reasons, we answer the reference in the affirmative and against the assessee with costs. Counsel fee Rs. 250.
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