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1975 (4) TMI 33 - HC - Income TaxExtract: .......sult, the question referred to this court is answered in the affirmative and against the assessee. The answer is On the facts and in the circumstances of this case, the Tribunal was justified in law in holding that the salary payment of Rs. 12,000 to N. M. Anniah by the firm was not an admissible deduction in the computation of its business income.
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