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1989 (9) TMI 164 - AT - Income TaxExtract: .......ally and therefore, income is not liable to be taxed on accrual basis and that the royalty income has to be assessed on receipt basis. In this view of the matter, we confirm the orders of the Commissioner of Income-tax (Appeals) for the three assessment years under appeal. 26. In the result, these Departmental appeals fail and are hereby dismissed.
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