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1964 (12) TMI 52 - HC - Income TaxExtract: .......ven of the "KNOW-HOW". The sum in question is, therefore, in the nature of a revenue receipt which is assessable income. We are accordingly of the view that the question referred should be answered in the affirmative and we hereby do so. The respondent will have his costs which we fix at ₹ 250. Reference answered in the affirmative.
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