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1962 (3) TMI 81 - HC - Income Tax
Extract:
.......pril 12, 1955, as an accrued liability on the basis of the mercantile method of accounting adopted by him. The disallowance of the claim by the department and by the Income-tax Appellate Tribunal is clearly erroneous in law. The question is answered in favour of the assessee who will get his costs from the department. Counsel's fee ₹ 250.