1991 (11) TMI 22

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..... SH JUDGMENT Heard learned counsel for the applicant. In our opinion, question No. 5 as stated by the applicant in this application is a statable question of law. We, therefore, direct the Income- .....

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..... their account to the extent of Rs. 51,920 represented payments made to the partners and as such the sum of Rs. 51,920 was disallowable under section 40(b) of the Income-tax Act, 1961 ?" The applicat .....

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