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2011 (10) TMI 664 - ITAT HYDERABADExtract: .......o profit element in so far as the said departmental recoveries are concerned. The payment of interest and salary to the partners shall be allowed subject to the limitation specified in section 40 b of the Act from the estimated income. 4. In the result, the appeal of the assessee is allowed in part. Order was pronounced in the Court on 14- 10-2011.
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