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1966 (3) TMI 13 - CALCUTTA HIGH COURTComputation of the assessee`s business profit - money which was paid to the trustees in the previous accounting years was not money paid. It was clearly set apart for the purpose of meeting the liability which had already ripened in the relevant accounting year - held that putting aside of the money in the previous years is not an expenditure within the meaning of section 10(2)(xv)
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