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2010 (9) TMI 64 - DELHI HIGH COURTEmbezzlement - claim of loss due to embezzlement made by the employee - connection with the normal business activity - CIT(A) allowed the claim of loss - ITAT disallowed the claim of loss - Held that: - the assessee was not in a position to prove that there was no possibility of recovering the amount embezzled by the employees, the claim was rightly disallowed in that year - Associated Banking Corporation of India Ltd. Vs. CIT [1964 -TMI - 49328 - SUPREME Court]
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