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The High Court of Madras held that technical aid fees and royalties paid to foreign companies were revenue expenditures, not capital expenditures. The court's decision was based on a previous ruling in a similar case involving the same assessee. The court answered both questions in favor of the assessee, rejecting the Revenue's argument for capital expenditure treatment. (Case citation: 1983 (6) TMI 4 - MADRAS High Court)
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