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1987 (2) TMI 27 - HC - Income TaxExtract: .......ion for the year 1947. Till the award was passed by the Tribunal, no liability was incurred by the assessee. Under those circumstances, the Supreme Court negatived the assessee s plea for deduction of the amount. For the foregoing reasons, we answer the question in favour of the assessee and against the Revenue. There shall be no order as to costs.
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