TMI BlogEmbezzlement Loss Deduction Disallowed for 1990-91; Not Permitted Under Income Tax Act Sections 36, 37(1.Embezzlement of cash by employee in AY 84-85 - loss claimed in the year 1990-91 - dis-allowance - cannot be allowed as deduction u/s 36 or 37(1). - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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