2017 (8) TMI 1447

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..... .JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgement of the Income Tax Appellate Tribunal dated 29.07.2016. Tax Appeal is admitted for consideration of following substantial question of law : Whether the Income Tax Appellate Tribunal was right in law in allowing the embezzlement loss of Rs. 2,81,38,206/- in the assessment year 2011-12 which represented 70% of the total loss of t .....

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