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1999 (12) TMI 36 - MADRAS HIGH COURTExtract: .......follow the liability method and not the actual payment basis for subsequent assessment years as per the decision of the Allahabad High Court, cited supra. We find no error of law in the order of the Appellate Tribunal. Accordingly, we answer the question referred to us in the affirmative, against the Revenue and in favour of the assessee. No costs.
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