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1982 (7) TMI 48 - HC - Income TaxExtract: ....... shares in the Indian company, Ralliwolf Ltd., of Rs. 100 each issued to the non-resident assessee-company in consideration of supplying the drawings and information is of capital nature and not of revenue nature. The question is thus answered in favour of the assessee and against the Revenue. The Commissioner shall pay the costs of this reference.
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