ITAT's decision on bad debt u/s 36(1)(vii) reversed; case sent back to Assessing Officer for review.

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....Bad debt written off as admissible u/s 36(1)(vii) - Investment made by the assessee in a sister concern for purchase of equity shares which into liquidation can be written off as bad debt - Order of ITAT is modified and the finding that the assessee is entitled to the benefit of capital loss is set aside. The matter is remitted to the AO.....