As per case facts, the Revenue refused to acknowledge Rs. 29,392-11-9 as the appellant's actual receipt for profit computation and wrongly sought to deduct Rs. 24,809 from the debit side ... of the account. The question arose whether the Revenue's action of deleting the item from the debit side and demanding a higher taxable profit was legally permissible. Finally, the Supreme Court allowed the appeal, ruling that the Revenue's deletion of the item from the debit side was not justified and set aside the High Court's judgment.