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1988 (11) TMI 94 - HC - Income TaxExtract: .......e said to be impossible or difficult, we are of the view that the Tribunal was right in its conclusion that there was a reasonable prospect of the recovery of the amount by the assessee and, therefore, the loss could not be allowed in that year. Our answer to the second question in each of these cases is in the affirmative and against the assessee.
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