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2005 (2) TMI 98 - PUNJAB AND HARYANA HIGH COURTExtract: .......r consideration, i.e., 1980-81, the Tribunal was justified in allowing the deduction of this amount on the basis of the mercantile system of accountancy. We, therefore, do not find any infirmity in the finding of the Tribunal. In view of the above, the question is answered in the affirmative, i.e., in favour of the assessee and against the Revenue.
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