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2010 (9) TMI 986 - AT - Income TaxExtract: .......it declared by the assessee for computing book profit for the purpose of determining the allowable deduction of remuneration payable to the partners under s. 40(b). Thus, the grounds raised by the assessee should be allowed in its favour. 5. In the result, appeal of the assessee is allowed. Order pronounced in the open Court on 1st September, 2010.
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