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1985 (10) TMI 31 - HC - Income TaxExtract: ....... must be held that the payments made by the assessee to the said Corporation under the draft agreement were payments of a revenue nature and entitled to be deducted as revenue expenditure. Hence, question No. (iii) is also answered in the affirmative and in favour of the assessee. The Commissioner to pay to the assessee the costs of the references.
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