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1988 (12) TMI 151 - AT - Income TaxExtract: .......he question to be answered in that case also was the point of time when the liability arose. 18. We are therefore of opinion that the liability to pay the extra price for purchase of milk did not arise during the accounting year. The assessee therefore was not entitled to the deduction claimed. 19. In the result, the departmental appeal is allowed.
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