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1983 (1) TMI 11 - HC - Income TaxExtract: .......e Act to the facts of the case. We hold that the so-called bad debt of Rs. 90,771 was rightly disallowed in the computation of the assessee s profits from the cloth and yarn trade. Our answer to the question, therefore, is against the assessee and in favour of the Department. The assessee will pay the costs of the Department. Counsel s fee Rs. 500.
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