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2009 (2) TMI 267 - AT - Income TaxExtract: .......t by the CIT(A) in this year. In principle, however, we hold that hypothetical-tax is to be reduced from the tax perquisite to the employees and not from the basic salary. Subject to these observations, the grievance of the Revenue with regard to deduction on account of hypothetical-tax is also dismissed. 11. In the result, the appeal is dismissed.
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