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1950 (12) TMI 32 - HC - Income TaxExtract: .......earning the income upon which they are assessed. In our view the taxing authorities should have allowed the whole of the remuneration payable to the directors and should not have disallowed a proportion attributable to earning the income in Gwalior. In the result therefore I would answer the question submitted in the negative. Banerjee, J.-I agree.
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