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2006 (3) TMI 543 - AT - Income TaxExtract: ....... as arising from the business of money lending. With these observations, we hold that the action of the Assessing Officer in treating the bad debts written off only as write off of a capital asset but not writing off bad debts, the action of which has been confirmed by the CIT(A), is correct. 12. In the result, assessee rsquo s appeal is dismissed.
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