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2013 (4) TMI 998 - AT - Income TaxExtract: .......s sold in domestic market and the amount of royalty pertains to and is necessarily an expense incurred to earn sales revenue during the year, hence same is revenue expenditure. The Assessing Officer is directed accordingly. 3. As a result, the appeal filed by the assessee is allowed. Pronounced in the open court on this the 29th day of April, 2013.
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