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1969 (11) TMI 7 - ALLAHABAD HIGH COURTWhether a certain transaction amounts to a mortgage by conditional sale or a sale with a condition for repurchase - on the true interpretation of s. 58(c) of the Transfer of Property Act the transaction envisaged by the decree can be regarded as a mortgage by conditional sale so as to enable the assessee to deduct the bad debt u/s 10(2)(xi)
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