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1962 (9) TMI 65 - BOMBAY HIGH COURT
Extract:
.......g the argument of Mr. Joshi that the assessee's claim could not be allowed as a bad debt because there is nothing to show that it had actually written off the loss as a bad debt in its books of account. In conclusion, therefore, our answer to the question referred to us is in the affirmative. The Commissioner will pay the costs of the assessee.