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2005 (12) TMI 56 - HC - Income Tax"Whether Tribunal is justified in holding that the claim of bad debts in respect of Vanchinad Leathers Limited was not legally sustainable and allowable?" - the profit and loss account of the assessee had made only a provision for bad debt and doubtful debt and had not written it off as bad debts, consequently the Tribunal is justified in holding that the claim of bad debt was not legally sustainable and allowable. We, therefore, answer the question in favour of the Revenue and against the assessee
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