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1995 (9) TMI 103 - AT - Income TaxExtract: .......embezzlement had not been discovered/detected in the year under consideration, i.e., up to 31-3-1985 and hence the loss as a result of embezzlement could not be allowed as a deduction for assessment year 1985-86. On this ground alone, the matter is decided against the assessee and in favour of the Revenue. 24. In the result, the appeal is dismissed
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