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2005 (2) TMI 745 - AT - Income TaxExtract: .......gs were not instituted, does not warrant conclusion that debts have not become bad. 16. In view of the above discussion, we are inclined to reverse the findings of the lower authorities and direct the Assessing Officer to allow the assessee rsquo s claim for bad debts amounting to Rs. 12,23,598. 17. In the result, appeal of the assessee is allowed.
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