Section 41(4) - Recovery of Bad debts

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..... been allowed as deduction under section 36(1)(vii) and the amount subsequently recovered on such debt is greater than the difference between the debt and the deduction so allowed, the excess realizat .....

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..... iness by way of amalgamation, demerger, or on death of a person, by his son, or where a firm is succeeded by another firm, then recovery of Bad debt is not taxable in hands of successor as business in .....

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