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2001 (2) TMI 98 - DELHI HIGH COURTExtract: .......the directors fees and the board meetings fees paid to the directors by the assessee-company were to be included as was done by the Income-tax Officer. In view of the aforesaid position, the sitting fees paid was clearly covered by section 40(c) of the Act. The question is answered in the negative, in favour of the Revenue and against the assessee.
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