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1981 (7) TMI 38 - HC - Income TaxExtract: .......enditure being partly capital in nature. On the facts herein, we are satisfied that the Tribunal was justified in principle in making an allocation of the royalty paid between capital and revenue. The question is, accordingly, answered in the affirmative and in favour of the revenue. The revenue will be entitled to its costs. Counsel s fee Rs. 500.
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