1989 (9) TMI 82

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..... rise to this application briefly, are as follows The assessee is assessed in the status of a registered firm. For the assessment year 1977-78 for which the accounting year ended on Diwali, 1976, the assessee claimed deduction of a sum of Rs. 45,370 on account of bad debt. The Income-tax Officer rejected that claim. On appeal, the Commissioner of Income-tax (Appeals) upheld the finding of the Incom .....

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