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1983 (3) TMI 87 - ITAT BOMBAY-BExtract: .......entive commission paid by the Life Insurance Corporation depends upon the amount of business brought in by them. This is independent of the salary given to the assessee. In respect of these receipts, the assessee, undoubtedly, had incurred expenditure. Quantification of the expenditure at 40 cannot be said to be excessive. 3. The appeal is allowed.
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