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2012 (7) TMI 805 - HC - Income TaxRoyalty payment as 3% of the net ex-factory sale by the licensee/assessee - Held that:- From the terms of the agreement the ld. CIT (A) came to the conclusion that assessee had right to access the technical knowledge as against absolute transfer of technical knowledge and information and the payment for which has been made on turnover basis, the expenditure has to be treated revenue in nature - no substantial question of law arises for consideration
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