Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (11) TMI 179 - HC - Income TaxExtract: .......ction on account of embezzlement which was held to be incidental to the carrying on of the business and since there was direct and proximate connection and nexus between the loss and the business operation of the assessee. The question referred is thus answered against the Revenue and in favour of the assessee. Reference is disposed of accordingly.
|