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2007 (5) TMI 235 - HC - Income TaxTribunal allowed deduction to the Assessee on account of bad debts u/s 36(1)(vii) – As per Section 36(1)(vii), as amended w.e.f. 1.4.89, the Assessee was not required to establish that the concerned debt has actually become bad; hence order of tribunal is justified – Question that “whether the Tribunal was correct in law in allowing deduction of remuneration paid by the Assessee to Shri. Neeraj Kanwar”, is a question of law – hence it had to be considered by the HC
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