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1950 (3) TMI 28 - HC - Income TaxExtract: .......A of Schedule II to the Excess Profits Tax Act, the case is wholly covered by a decision which we gave recently and which is reported in Seksaria Biswan Sugar Factory, Ltd. v. Commissioner of Income-tax, Bombay 1950 18 ITR 139 ; 52 Bom. LR 91. In the light of that decison, the answer to question (2) is that it was a debt due. Tendolkar, J.-I agree.
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