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2009 (2) TMI 231 - AT - Income TaxExtract: .......fit which is neither taxed as salary nor as FBT even after introduction of FBT in Chapter XII-H of the Act. 18. For the above reasons the orders of AO and CIT(A) are not correct and hence we reverse the same. Therefore, the grounds raised by the assessee in this appeal are allowed. 19. In the result, the appeal filed by the assessee stands allowed.
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