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1972 (1) TMI 10 - MADRAS HIGH COURTAssessee, a partner in a registered firm appointed a person for looking after his interests in the partnership – assessee derived share income - from the share income received by him, the assessee claimed as deduction under section 10(2)(xv) of the Income-tax Act, 1922, of the salary paid - even though the share income was arrived at after giving deductions under s. 23(5)(a), such expenditure is allowable under section 10(2)(xv)
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