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2005 (2) TMI 21 - PUNJAB AND HARYANA HIGH COURT"Whether Tribunal was right in law in deleting the addition which was made by disallowing a reimbursable expenditure of the like amount, incurred by the assessee on behalf of its principal, the Government of India even though the said expenditure was not the assessee's liability?" - it is clear that the Tribunal has recorded a categorical finding of fact that the assessee was following a hybrid method of accounting consistently in respect of these transactions. The excess price was being debited to the trading account on the basis of payment. Similarly, the subsidy was also being accounted for on actual receipt basis. Counsel for the applicant has not been able to controvert the factual position as noticed above. It has not been shown to us that in subsequent years, the method followed by the assessee has not been accepted by the Revenue. In this view of the matter, we are satisfied that the view taken by the Tribunal is reasonable and does not require any interference. Accordingly, we answer the question in the affirmative, i.e., against the Revenue
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