Expenditure on know-how

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..... or acquiring any know-how for use for the purposes of his business, one-sixth of the amount so paid shall be deducted in computing the profits and gains of the business for that previous year, and the balance amount shall be deducted in equal instalments for each of the five immediately succeeding previous years. (2) Where the know-how referred to in sub-section (1) is developed in a la .....

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..... ould have been allowable to the amalgamating company or the demerged company, as the case may be, had such amalgamation or demerger not taken place. ] Explanation .- For the purposes of this section, know-how means any industrial information or technique likely to assist in the manufacture or processing of goods or in the working of a mine, oil well or other sources of mineral depos .....

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