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2012 (4) TMI 774 - ITAT CHENNAIExtract: .......low deduction for the amount of bad debts claimed by the assessee as a business loss. It is not necessary to be carried away by the nomenclature extended to the loss as ‘bad debt’. In fact, it is a business loss. 10. In result, this appeal filed by the assessee is allowed. Order pronounced on Monday , the 2nd of April , 2012 at Chennai.
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