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1984 (11) TMI 45 - HC - Income TaxExtract: .......nsfer of the mortgaged property to the assessee. So, it could not become bad in 1959 or 1960. There being no debt, it could not become a bad debt. Consequently, the question referred to us has to be answered in the affirmative, in favour of the Department and against the assessee. The Department will be entitled to its costs. Counsel s fee Rs. 500.
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