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1987 (11) TMI 10 - HC - Income TaxExtract: .......ion scheme on a percentage of salary and allowances. It is not payment as contemplated by the second part of clause (iv) of section 36(1) of the Act. The assessee is, therefore, entitled to claim a deduction for this payment. Our answer to question No. 3 is in the affirmative and against the Revenue. The reference is answered accordingly. No costs.
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