816/CBDT.

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....ed by and assessee on the acquisition of patent rights or copy rights used for the purpose of business. The deduction for such expenditure is allowed by way of spread over equally over a period of 14 years or over a period of the unexpired life of the patent rights or copy rights, whichever is earlier. 2. It has been represented to the Board that the ITOs should not disallow the claim of amorti....