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1990 (9) TMI 9 - CALCUTTA HIGH COURTExtract: .......s the managing director of the company. We are of the view that the Tribunal was justified in allowing the actual salary paid to the managing director. For the reasons aforesaid, we answer the second question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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