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1980 (8) TMI 32 - MADHYA PRADESH HIGH COURTExtract: .......erefore, find that the Tribunal was not justified in holding that the additional managing agency commission was allowable as a deduction for determining the taxable wealth of the assessee-company. We answer this question in favour of the revenue and against the assessee. In view of the divided success, we direct the parties to bear their own costs.
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