TMI BlogAdditions on the basis of credit entry in P&L Account – Excise credit - in order to impress the bankers...Additions on the basis of credit entry in P&L Account – Excise credit - in order to impress the bankers and to please the shareholders the aforesaid entry was passed into the profit and loss account - Since income not accrued, not taxable - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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