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1975 (12) TMI 151 - KERALA HIGH COURTExtract: .......ned till after the total turnover is determined, the tax levied and the actual demand made. A sum of money is said to be payable when a person is under an obligation to pay it. The word payable may therefore signify an obligation to pay at a future time. 8.. The original petition is dismissed. There will be no order as to costs. Petition dismissed.
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