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1991 (1) TMI 38 - HC - Income TaxExtract: .......is regard and, as pointed out earlier, has not considered the facts and circumstances having a bearing upon the bona fide belief of the assessee that the debt in question had become bad. We, therefore, answer questions Nos. 1 and 2 referred to in T. C. No. 233 of 1990 in the negative and in favour of the Revenue. There will be no order as to costs.
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