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1999 (3) TMI 16 - SC ORDERWhether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is correct in law in holding that the premium paid by the assessee on behalf of the employee-director formed part of 'salary' and allowable as deduction from computing the assessable income of the company and not 'perquisite', disallowable under section 40A (5) or 40(c) - question of law does arise which should be considered by the High Court.
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