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1980 (2) TMI 29 - HC - Income TaxExtract: .......ools Ltd. v. CIT 1980 123 ITR 773 and the Supreme Court in Ciba s case 1968 69 ITR 692, we have no hesitation in coming to the conclusion arrived at by the Tribunal that the expenditure incurred by way of payment of royalty is of a revenue nature. We, accordingly, answer the question referred to us in favour of the assessee. Advocate s fee Rs. 250.
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