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1996 (8) TMI 140 - AT - Income TaxExtract: .......lysts of India, Hyderabad--Page 8 of Notes on Generally accepted Accounting Principles, Conservation and Concepts. 16. For the reasons stated above, we are of the view that the assessee s system of accounting requires to be accepted and the additions of Rs. 44,90,434 and Rs. 25,42,968 have to be deleted. We direct accordingly and allow the appeals.
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