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1990 (10) TMI 1 - SC - Income TaxBad Debt - Deemed Profit - contention of the assessee was that he was not assessable under section 41(4) of the 1961 Act because these amounts had been written off as bad debts in the year 1959-60 and his claim for deduction, though initially disallowed by the Income-tax Officer, was subsequently allowed - contentions of the assessee fail and the appeals are, accordingly, dismissed
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