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of HC analyzed income accrual under mercantile accounting system, addressing electricity charge recoveries. The tribunal found that the assessee had correctly adjusted receivables from the state electricity board across multiple assessment years without double taxation. The tribunal determined that adding the disputed amount would constitute duplicate taxation, as the income was already recognized in subsequent years consistent with Supreme Court directives. Consequently, the tribunal granted relief to the assessee, concluding no substantial legal question existed in the appeal.
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