Bad debts not allowed - loss incurred on sale of capital assets is not allowable u/s. 36 (1)(vii) of the...

Bad debts not allowed - loss incurred on sale of capital assets is not allowable u/s. 36 (1)(vii) of the Act as bad debt written off as well as business loss u/s. 37 of the Act because it is a capital loss - AT .....

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