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1988 (8) TMI 57 - HC - Income TaxExtract: .......nd, therefore, the payment made by the company towards remuneration at Rs. 36,000 for the year to the managing director is not excessive or unreasonable. The rejection of Rs. 6,000 by the Appellate Tribunal was not proper. For the aforesaid reasons, we answer the question in the negative, in favour of the assessee and against the revenue. No costs.
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