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2016 (1) TMI 229 - HC - Income TaxDisallowance of debt recoverable - CIT(A) confirmed the addition observing that it was not a debt recoverable but was in fact an advance made to the party for the purchase of material - Tribuna deleted the addition - Held that:- The Tribunal had held the amount as business expenditure as the same was in the course of the business of the assessee. Learned counsel for the appellant was unable to show any illegality or perversity in the findings recorded by the Tribunal warranting interference by this Court. - Decided against revenue
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