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    Income Tax

    Disallowance of expenditure - loss by embezzlement by employees...

    Employee Embezzlement Losses Are Incidental to Business Operations and Deductible When Discovered.

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    Income TaxMarch 25, 2014Case LawsAT

    Disallowance of expenditure - loss by embezzlement by employees should be treated as incidental to business and the same should be allowed as deduction in the year in which it is discovered - AT

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