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1978 (3) TMI 27 - HC - Income TaxExtract: .......e royalty amount should be assessed on cash basis for the three assessment years if it is found that the books and balance-sheets of the assessee are maintained on cash basis. We, accordingly, answer the question in the negative and in favour of the revenue and against the assessee. The assessee will pay the revenue s costs. Advocate s fee Rs. 500.
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