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1934 (6) TMI 28 - PRIVY COUNCILWhether the debt, being a debt due from a limited company, can in law be treated as a bad debt so long as the limited company is not actually wound up or has not ceased to be a going concern? Held that:- The order of the High Court should be discharged and in lieu thereof an order should be made answering in the negative the question which the Commissioner was directed to raise and which is set out above. As a result the appellant's assessment and his claim to the deduction, will have to be reconsidered by the appropriate authority in the light of all relevant evidence. Appeal allowed
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