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2009 (1) TMI 57 - HC - Income TaxAssessee made payments to M/s. Coopers for a study and report on reorganization of core business of assessee company – tribunal has given finding of fact that study was in relation of existing business and not for producing any new parts, no technical know-how was received in respect of any manufacturing, and report affected manufacturing/selling of existing items – so impugned expenses should be treated as revenue in nature – these expenses are not covered u/s 35D(2), as contended by revenue
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