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2003 (4) TMI 224 - AT - Income TaxExtract: ....... the Supreme Court discussed above, we are of the view that the addition of 8 per cent on the work-in-progress disclosed in the balance sheet is totally uncalled for and the AO is directed to accept the assessee s method of accounting regularly employed for the computation of income for the year in question. 8. In the result, the appeal is allowed.
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