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2007 (10) TMI 328 - AT - Income TaxExtract: .......not claimed and allowed in this year by the AO and it was also not allowed in asst. yr. 2000-01 even by the Tribunal. Therefore, it is held that the assessee is entitled to deduct the liability accrued in this year in computing the income. The same is allowed subject to verification of the amount by the AO. 25. In the result, the appeal is allowed.
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