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2001 (1) TMI 976 - HC - Income TaxExtract: .......utilized by the assessee. Therefore, in our view, the assessee is entitled to allowance of Rs. 1,12,30,810 being payments as technical design fees to foreign collaborators. Question No. 2 is answered in the affirmative, i.e., in favour of the assessee and against the revenue. The reference, accordingly, stands disposed of with no order as to costs.
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