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2007 (5) TMI 193 - SC - Income TaxAs the question of "bad and doubtful claims" is concerned, again the same is not an expenditure. Section 36(1)(vii) of the Act whereupon the learned Additional Solicitor General placed strong reliance, cannot be said to have any application whatsoever in the instant case. It is not relevant for computing the profit under the 1961 Act. In any event, section 44 of the Act provides for a non obstante clause and, thus, would prevail over the former - revenue's appeal dismissed
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