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1995 (2) TMI 121 - AT - Income TaxExtract: ....... has taken unpaid amount to its balance sheet by debit to its P and L account. The claim is in accordance with the method of accounting followed by the assessee, as also being a statutory liability the same is fully allowable Kedar Nath Jute Manufacturing Co. Ltd. vs. CIT (1971) 82 ITR 363 (SC) . 7. In the result, appeal of the assessee is allowed.
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