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2011 (8) TMI 60 - HC - Income TaxDisallowance - contingent liability - Scrutiny - assessee was maintaining suspense account crediting a sum of Rs.23,77,458/- in the trial balance for the year ended on 31.3.1991 - Merely because future payments were made out of the funds said to be kept in the suspense account, the allowance could not be made - No evidence has been placed before the authorities concerned to show that the expenditures had been incurred during the relevant assessment year to be shown in the "suspense account - Decided in favour of the revenue
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