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1976 (11) TMI 89 - ITAT DELHI-AExtract: .......xigencies warrant allowance of discount or granting remissions, they could not be said to be not for the purpose of business. We, therefore, allow the entire claim not on the ground that they were bad debts but on the ground that they were business expenses. 7. The other grounds raised were not pressed. 8. The appeal is, therefore, allowed in part.
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