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1982 (2) TMI 107 - ITAT BOMBAY-DExtract: .......that the debt was bad and the entry made by the assessee, which is a company, in its own accounts writing off the debt cannot be brushed aside. Having regard to all the facts and circumstances, I hold that the debt had become bad in the year under consideration and direct that the corresponding, deduction shall be allowed. 7. The appeal is allowed.
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