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1989 (3) TMI 126 - HC - Income TaxExtract: .......ow-how, the assessee does not acquire any asset or advantage of enduring nature. For the reasons recorded above, we hold that the expenditure incurred by the assessee in obtaining technical know-how was not of a capital nature and answer the referred question in favour of the assessee in the affirmative, leaving the parties to bear their own costs.
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