Deduction in respect of royalty on patents

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..... nts 78. (1) A person shall be allowed a deduction of an amount specified in sub-section (4) in respect of any income referred to in sub-section (3), if such income is included in his 'gross total inco .....

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..... 1) shall be the amount of income referred to in sub-section (3) to the extent it does not exceed,- (a) the amount of royalty allowable under the terms and conditions of a license settled by the Contro .....

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