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1993 (3) TMI 89 - CALCUTTA HIGH COURT
Extract:
.......ons aforesaid, the fourth question is answered by saying that no part of the sum of Rs. 9,94,891 is to be disallowed under section 40A(8) of the Act, if the same has been paid on the security deposits made by the shop managers who are the employees of the assessee and not otherwise. There will be no order as to costs. SHYAMAL KUMAR SEN J. -I agree.