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2011 (7) TMI 390 - ITAT MUMBAIDisallowance - Bad debt/trading loss under section 36(1)(vii) - the objection of the revenue that the debt in question has not been established to have become bad - The violations referred to by the Assessing Officer in the order of assessment, do not amount to an offence or something prohibited by law - Therefore direct the Assessing Officer to allow the claim for deduction as made by the assessee after verification as stated in the earlier part of this order - Appeal is allowed for statistical purposes.
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