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1988 (2) TMI 137 - AT - Income TaxExtract: ....... for me to refer to the earlier orders of the Tribunal in the assessee s case. In my view the learned Judicial Member was right in holding that the licence fee is allowable as revenue expenditure. Thus, I hold that the sum of Rs. 8,20,347 is allowable as revenue expenditure. Now the matter will go back before the Bench for passing necessary orders.
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