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1935 (5) TMI 21 - CHIEF COURT OF OUDHExtract: .......y against their correctness. These accounts show that the company did not make any profit during the year. On the contrary it suffered a loss of Rs. 3,54,234-1-2. Under the circumstances the assessment is clearly unjustified and I am not prepared to treat the debt as valid or properly binding on the company. The result is that I disallow the claim.
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