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1998 (11) TMI 116 - HC - Income TaxExtract: .......0 paid to Shri I. K. Agarwal at the time of his leaving the company was profits in lieu of salary under sub-clause (i) of clause (3) of section 17 of the Act. Question No. 2 referred to us, is therefore, answered in the affirmative, i.e., in favour of the Revenue and against the assessee. Reference disposed of accordingly with no order as to costs.
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