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2019 (1) TMI 2017 - HC - Income TaxDeduction u/s 80IA - HELD THAT:- The first substantial question of law is covered by the earlier orders of this Court in the assessees' own case [2012 (8) TMI 809 - MADRAS HIGH COURT]. Deduction of Bad debts - claim was disallowed on the ground that the debts have been taken over from the sister concerns voluntarily only as a measure of support to it and knowing fully well that the same was irrecoverable - HELD THAT:- We find, as a matter of fact, that the Tribunal has taken note of the position that the Memorandum and Articles of Association permitted the assessee to carry on the business of money lending and the transactions in question have been held to be in the realm of business activity. There is no dispute raised before us on this factual position. In the light of the same, the second substantial question of law is also answered in favour of the assessee and against the Revenue.
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