1983 (3) TMI 87

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..... . S. VISWANATHAN. JUDGMENT: The only issue 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 t .....

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..... dent 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. .....

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