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1984 (12) TMI 51 - HC - Income TaxExtract: .......wing the mercantile system of accounting. Having regard to the facts and the circumstances of the case and the principles laid down by this court in the case of Eastern Spinning Mills Ltd . 1980 126 ITR 686 (Cal), we answer the question in the affirmative and in favour of the assessee. There will be no order as to costs. DIPAK KUMAR SEN J.-I agree.
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