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1996 (1) TMI 139 - AT - Income TaxExtract: .......ration, the AO rightly allowed the deduction thereof as per the method of accounting regularly followed by the assessee. The learned CIT was, accordingly, not justified in treating the order of the AO as erroneous and prejudicial to the interests of the Revenue. Therefore, his order under s. 263 is quashed. 14. In the result, the appeal is allowed.
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