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2002 (12) TMI 18 - HC - Income TaxAccrual of income - "Whether, Tribunal was right in law in holding that the HUDCO administration service charges collected and retained by the assessee at the time of disbursal of the loans to the urban local bodies had accrued due to the assessee at that stage itself, and therefore, assessable to tax in the year in which the loan amount was disbursed?" - question has to be answered in the affirmative, i.e., in favour of the respondent and against the assessee.
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