2000 (9) TMI 995

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....estion with which the High Court was concerned read thus : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law to hold that the provisions of section 43B of the Income-tax Act, 1961, were not applicable to the unpaid liability towards royalty payment of Rs. 76,956 since royalty was neither tax nor duty ?" The High Court answered the question in the negativ....