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1998 (8) TMI 614 - AT - Income TaxExtract: .......e clear verdict of the Apex Court in the case of Devidas Vithaldas & Co. (supra), we are of the view that the payment of ₹ 3,75,000 is towards acquisition of goodwill and is in the nature of capital expenditure and as such, the assessee is not entitled for deduction of this amount. The ground is rejected. 17. The appeal is partly allowed.
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