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1986 (9) TMI 17 - CALCUTTA HIGH COURTExtract: ........ 26,342, though shown as a provision for contingency, must be held and treated to be a reserve inasmuch as there was no liability or no ascertained liability against which the said appropriation was made. The question referred is answered in the affirmative and in favour of the assessee. There will be no order as to costs. MONJULA BOSE J.-I agree.
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