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1978 (6) TMI 22 - MADRAS HIGH COURTExtract: .......ook over the business in view of the above provision. In our view, therefore, the Tribunal was right in allowing the deduction in a sum of Rs.16,363 as a bad debt in the year 1966-67. The above two questions are, therefore, answered in the affirmative and against the revenue. The assessee will have his costs. Counsel s fee Rs. 250 from the revenue.
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