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1987 (2) TMI 41 - HC - Income TaxExtract: ....... contract of employment and not on the basis of what was actually paid in a given month/months to the employee. Obviously, taking irrelevant factors into consideration, Rs. 97,551 was disallowed under section 36(1)(v) of the Act. It is clearly illegal. Accordingly, we answer the questions in favour of the assessee and against the Revenue. No costs.
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