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1967 (1) TMI 25 - ALLAHABAD HIGH COURTRemuneration paid to the directors - in fact it was the HUF and not the company, which was in existence. Any expenses incurred over the members of the HUF could not be added to the expenditure made wholly and exclusively for the purpose of the business of the company - hence it is not a permissible deduction u/s 10(2)(xv)
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