1994 (4) TMI 60

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....on 256(2) of the Income-tax Act, 1961, that the following question of law arises out of the order of the Tribunal dated May 26, 1982, in respect of the assessment year 1975-76. " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in allowing the bad debts amounting to Rs. 18,662 in the following names : Rs. 8,964 R. K. Hotel 3,750 Mr. P. K. Gupta ....