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2004 (9) TMI 591 - AT - Income TaxExtract: ....... with the view taken by the ITAT, Ahmedabad Bench (supra), I am of the view that the remuneration paid to the partner is in consonance with the terms of the partnership deed and accordingly allowable as deduction. Under these circumstances, the disallowance made by the Assessing Officer is set aside and the appeal filed by the revenue is dismissed.
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