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1991 (8) TMI 8 - SC - Income TaxSection 40(a)(v) - respondent assessee-company paid seven of its employees, in addition to what was described as their salary, certain amounts of bonus, commission and house rent allowance - whether such amount could be treated as perquisites - Section 40(a)(v) has since been replaced by another section 40A(5) which has also been substituted in 1989 - matter is covered by a circular of the Board dated March 4, 1972 - reference rejected
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