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1997 (9) TMI 85 - KARNATAKA HIGH COURTExtract: .......s a binding precedent. For the above said reasons, we hold that the salary paid by the assessee-firm to its partner, may be in a representative capacity, was liable to be disallowed in view of the clear intendment contained in section 40(b) of the Act. The question is accordingly answered against the assessee and in favour of the Revenue. No costs.
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