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1976 (9) TMI 42 - MADRAS HIGH COURTExtract: .......t, 1961, in so far as this point is concerned are identical. It follows that the said decision would apply to the transfer of the licence here also which did not involve any cost to the assessee in its acquisition. We, therefore, answer the question referred to us in the affirmative and in favour of the assessee. There will be no order as to costs.
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