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1980 (4) TMI 23 - HC - Income TaxExtract: ....... Hence, the amount of Rs. 50,000 which was paid by the assessee to M/s. G.G. under the terms of the said consent decree could not be said to be an expense in the nature of a capital expenditure. Hence, the answer to the question referred to us would be in the affirmative and in favour of the assessee. The revenue to pay the costs of this reference.
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