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1943 (6) TMI 2 - HC - Income TaxExtract: .......rn, but as a sort of working licence which gives him the temporary, but exclusive use of the firm's name and goodwill. It would then be for the Income-tax authorities to decide afresh whether such a payment would be an admissible deduction, which might properly be assessed as income in the hands of the recipient. Reference answered accordingly.
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