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Often in closely held businesses such as jewelry shops etc, family members also give participation so that amounts incurred by way of salary to them shall be an admissible deduction. In 155TAX128 however, the AO disallowed the salary paid to the wife of M D whereas she was found to attending to work relating to banks, handling of cash, and attending to calls. The Tribunal held that there is no provision in the Act that debars a lady, being the wife of a director, from working for the company for a reasonable salary.

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