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1969 (10) TMI 18 - ALLAHABAD HIGH COURTAssessee estimated its liability to extra sales tax at the rate payable under notification No. S.T.905/X - this is debitable in the profit and loss account as an ascertained liability under the mercantile system which the assessee follows - amount is, therefore, allowable as a deduction in the computation of its profits and gains u/s 10 of the IT Act, 1922
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