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2010 (8) TMI 1140 - ITAT AHMEDABADExtract: .......he opinion that the said amount being the loss suffered by the assessee was allowable as a bad debt u/s 36(1)(viii)/36(2) of the Act . Therefore, we have no hesitation in reversing the order of the ld. CIT(A) and consequently, allowing the claim of the assessee. 6. In the result, appeal is allowed. Order pronounced in the court today on 19-08-2010.
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