Commissioner Of Income Tax vs TrusteeOf H.E.H. Nizam
Whether the Tribunal was justified in directing the ITO to allow 7-1/2% of the net income of the trust after deducting remuneration paid to trustees as expenditure for administering the trust under sections 57(i) and 19(1) of the Income Tax Act, 1961 --- Held: Yes, following the Andhra Pradesh High Court's earlier judgment which was not appealed by the Revenue.
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