1994 (10) TMI 46

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....e do not find any question of law arising out of the order of the Tribunal. Admittedly, the Mambad Rubber Manufacturing Company Ltd., owed large amounts to the assessee. That company had huge accumulated loss besides owing large amounts to the Canara Bank which was insisting on repayment of the said amount. Since there was no scope for getting repayment of the amounts due, the assessee obtained ce....