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1962 (3) TMI 8 - SC - Income TaxWhether a debt had become irrecoverable and was to be treated as a bad debt in 1947 was one of fact and not liable to be reopened in a reference under section 66 of the Income-tax Act, for there was evidence on which the conclusions of the Appellate Assistant Commissioner and the Tribunal could be founded? Held that:- In this case before the Tribunal there was evidence on which it could hold that the debt had become bad in the year 1947. If the debt had become had in the year 1947, by its mere subsequent amalgamation unilaterally made by the creditor with a debt which was recoverable, it did not cease to be bad. Appeal dismissed.
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