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1983 (10) TMI 83 - AT - Income TaxExtract: .......0 and it was held that in calculating the disallowance in respect of salary and perquisites payable to the Director employee of the company, provisions of s. 40(c)and not provisions of s. 40A(5)should be applied. We respectfully follow said decision and confirm the order of the CIT (A) on this point. 14. In the result, the appeal is partly allowed.
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