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2005 (1) TMI 35 - MADRAS HIGH COURTCompensation paid on termination of the agreement with the marketing distributor - "Whether, Tribunal was right in law in holding that the compensation paid on termination of the agreement with the marketing distributor would be a capital expenditure?" - As we have stated, it is a case of acquisition of a profit-making apparatus of distributorship agency for which amounts were paid to the distributors and hence, the Appellate Tribunal, in our view, was right in holding that the amount was capital in nature.
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