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1991 (3) TMI 223 - ITAT MADRAS-CExtract: .......ed in a benefit to the Directors. Therefore, this expenditure has to be added to the remuneration already paid to the directors to consider whether the ceiling prescribed under section 40(c) is exceeded. We direct the Income-tax Officer to conduct this exercise and make the necessary disallowance. 11. In the result, the appeal is treated as allowed
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