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1984 (8) TMI 68 - KARNATAKA HIGH COURT
Extract:
.......aning of profits in lieu of salary under section 17(3)(ii) of the Act. As all the contentions urged for the petitioners fall, these writ petitions are liable to be dismissed. We, therefore, dismiss these petitions and discharge the rule issued in all these cases. But, in the circumstances of the cases, we direct the parties to bear their own costs.
