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1992 (12) TMI 18 - HC - Income TaxExtract: ....... the Income-tax Appellate Tribunal was justified in coming to the conclusion that the interest on the amount advanced to Messrs. Citric India Ltd. has accrued to the assessee-company which was following the mercantile system of accounting. The reference is accordingly answered in favour of the Revenue and against the assessee. No order as to costs.
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