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1984 (9) TMI 4 - ANDHRA PRADESH HIGH COURT
Extract:
.......tees during the two assessment years in question constitutes deductible expenditure and that 7 1/2 of the net income of the trust after deduction from the total income the remuneration paid to the trustees constitutes deductible expenditure for administering the trust. Both the questions are accordingly answered in favour of the assessee. No costs.