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2000 (9) TMI 1053 - AT - Income TaxExtract: .......ot warranted because one of the parties to the transaction was the Government of India, through the DOT. 37. In the result, we hold that the amount of ₹ 282.60 crores paid by the assessee to DOT as licence fees is an allowable expenditure under s. 37(1) of the Act in computing the profits of the assessee's business. The appeal is allowed.
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