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1989 (12) TMI 29 - DELHI HIGH COURTExtract: .......the case, the Income-tax Appellate Tribunal is correct in holding that the trade creditor recovering the sums due from the assessee from the broker who wrote off the dues in his books does not amount to cessation of liability in the hands of the assessee within the purview of section 41(1) of the Income-tax Act ? There will be no order as to costs.
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