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2009 (3) TMI 82 - HC - Income TaxProvision for doubtful debts and the provision for leave encashment – revenue contend that the liability was only a contingent liability and not an ascertained/determined liability, so it is not allowable - issue involved in this appeal is squarely covered by the judgment of the Supreme Court in the case of BHARAT EARTH MOVERS VS. CIT (2000 (8) TMI 4 - SUPREME Court) which is decided in favour of the assessee. Therefore, we are of the view that the Tribunal is correct in following the judgment of the Supreme Court and allowing the assessee’s appeal
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