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1962 (2) TMI 121 - HC - Income TaxExtract: .......tled to claim the allowance under section 10(2)(xi) of the Act. The trade debts written off as bad and irrecoverable debts do not constitute capital assets in the hands of the assessee. The question is answered in favour of the assessee who will get his costs from the department. Counsel's fee ₹ 250. Questions answered in the affirmative.
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