1979 (11) TMI 122

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....limited company. The ITO disallowed a sum of Rs. 19,800 paid to the Directors of the company on the ground that the payment was excessive. Against this order of the ITO the assessee went up in appeal before the ld. AAC. The ld. AAC deleted the entire addition. Being aggrieved with the order of the ld. AAC the Revenue has come up in appeal before us. 3. During the course of argument it is learnt....