1983 (3) TMI 87

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..... in this appeal is the claim of the assessee, a Development Officer of the Life Insurance Corporation of India, that expenditure to the extent of 40% of the receipts by way of commission should be allo .....

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..... espect 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. - - TaxTMI - TM .....

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