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1953 (6) TMI 8 - CALCUTTA HIGH COURTExtract: .......en assuming that accrued liabilities are admissible under the section, the amount in question did not represent an accrued liability much less a liability of the particular sum and it would not be a proper debit even under the mercantile system of accounting. The answer to the question referred must therefore be in the negative. Lahiri, J.-I agree.
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