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1993 (10) TMI 31 - RAJASTHAN HIGH COURTExtract: .......ns of section 36 of the Income-tax Act, 1961, we are of the opinion that the Income-tax Appellate Tribunal was justified in coming to the conclusion that the Commissioner of Income-tax (Appeals) was right in allowing the bad debts of Rs. 42,754 and Rs. 17,944. Accordingly, the reference is answered in favour of the assessee and against the Revenue.
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