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1981 (10) TMI 104 - ITAT MADRAS-DExtract: ....... the case, we hold that the debt in question had become bad and doubtful on 31st March, 1974 and hence the assessee can claim it as a deduction for the asst. yr. 1974-75. So the assessee succeeds with regard to the claim of bad and doubtful debts to the extent of Rs. 11,33,190. 5. In the result, the assessee rsquo s appeal is substantially allowed.
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