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1979 (9) TMI 12 - HC - Income TaxExtract: .......led to the civil court decree, the liability was undoubtedly one that had accrued in the course of the business of the assessee and, as such, was a trading liability. The Tribunal was right in the view that it took. The question is answered in the affirmative, in favour of the assessee and against the department. There will be no order as to costs.
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