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Court Emphasizes Consistency in Mercantile Accounting: Prior Period Expenditures Must Be Allowed When Crystallized.

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....Prior period expenditure - mercantile system of accounting - Revenue is required to adopt consistent approach and allow the expenditure which was crystallized during the assessment year - HC....

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Court Emphasizes Consistency in Mercantile Accounting: Prior Period Expenditures Must Be Allowed When Crystallized.