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2012 (12) TMI 1115 - AT - Income TaxExtract: ....... advance. The assessee had followed the mercantile system of accounting. Thus, we do not find any infirmity in the order of CIT(A). However, A.O. is directed to verify the expenses and allow the claim in A.Y. 06-07. 8. In the result, the Assessee’s appeal is allowed for statistical purpose. These Orders pronounced in open Court on 07.12.2012.
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