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The Bombay High Court held that the recovered sum from an embezzlement is a revenue gain and assessable for tax. The assessee was ordered to pay the costs. The reference was answered in the affirmative.
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Home
The Bombay High Court held that the recovered sum from an embezzlement is a revenue gain and assessable for tax. The assessee was ordered to pay the costs. The reference was answered in the affirmative.
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