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2007 (5) TMI 203 - HC - Income Tax
Extract:
.......d counsel for the Revenue submits that the debts that are bad and doubtful should have been written off. If that be so, then clause (c) of the Explanation to section 115JA of the Act would become completely inoperative and otiose, which is obviously not the intention of the Legislature. We find that no substantial question of law arises. Dismissed.