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1995 (10) TMI 6 - HC - Income TaxExtract: .......Tribunal was not right in excluding the sum of Rs. 9,918 paid to the managing director for reimbursement of the medical expenses, while computing the disallowance under section 40(c) of the Act. Accordingly, our answer to question No. 2 is in the negative, i.e., in favour of the Revenue and against the assessee. There shall be no order as to costs.
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