2009 (4) TMI 974

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..... n the facts and in law and in the circumstances of the case, the ITAT is right in allowing the assessee s claim of bad debts of ₹ 19,08,150/- out of the total claim of ₹ 23,42,008/- ? b) Whether on the facts and circumstances of the case, the ITAT was justified in concluding that the provision of section 40(a) (i) read with section 195 of the Act are not applicable for the payment m .....

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