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2011 (12) TMI 379 - HC - Income TaxRevision u/s 263 - Disallowance u/s 36(l)(vii) - the appellant has not written off the bad debts by debiting the Profit and Loss Account. - Held that: Unless bad debt is written off by debiting the Profit and Loss Account which necessarily means that the debtors' account should be credited or so much of the amount debited in the Profit and Loss Account should be written off from amount due from the debtors, the writing off as contemplated under Section 36(l)(vii) is not satisfied - counsel for the appellant-assessee contended that when bad debt is recovered, there is provision for assessment of the same under Section 41, we do not think such a safety provision will entitle the assessee to claim bad debt as a deduction without satisfying the conditions contained in Section 36(l)(vii) - Appeal is dismissed
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