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2007 (12) TMI 243 - ITAT DELHI-EExtract: .......n for bad and doubtful debts is not written off in the accounts of various persons, the same will not be allowable as deduction in view of the Explanation to section 36(1)(vii) of the Act. We, accordingly, set aside the order of ld. CIT(A) and restore the order of Assessing Officer. 13. In the result, the appeal filed by the revenue stands allowed.
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