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2014 (11) TMI 1248 - AT - Income TaxNature of expenditure - expenditure incurred on payment of royalty to M/s Macnaught Pvt. Ltd., U.K - HELD THAT:- As decided in own [2014 (11) TMI 191 - ITAT DELHI] expenditure incurred on royalty is a Revenue expenditure, incurred wholly and exclusively for the purpose of business. As a result, the claim made by the assessee is allowed and disallowance is deleted.
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