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1986 (9) TMI 10 - ANDHRA PRADESH HIGH COURTExtract: .......axminarayana alias Bapu, respectively, are permissible deductions and the provisions of section 40(b) of the Act do not come into operation and render the payments impermissible deductions. We accordingly answer the question referred to us in the affirmative, in favour of the assessee and against the Revenue. The parties shall bear their own costs.
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