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1960 (2) TMI 30 - HC - Income TaxExtract: ....... directors is an admissible deduction under section 10(2)(xv) of the Indian Income-tax Act. I would, therefore, answer the question of law referred by the Appellate Tribunal in favour of the assessee and against the Income-tax Department. The assessee is entitled to the costs of this reference. Hearing fee Rs. 250. Kanhaiya Singh, J. mdash I agree.
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