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1979 (7) TMI 17 - HC - Income TaxExtract: .......f income-tax, super-tax, etc., being not expenditure of a revenue nature cannot be held to be a permissible deduction in the relevant assessment years, although the same formed part of royalty paid under cl. 18 of the lease agreement. We answer the question accordingly. In the circumstances of the case, the parties are left to bear their own costs.
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