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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Disallowance on account of loss on account of forgery - No ...


Forgery Loss of Rs. 36 Lakhs Disallowed; No FIR or Complaint Filed, Taxable Income Additions Confirmed.

July 31, 2015

Case Laws     Income Tax     AT

Disallowance on account of loss on account of forgery - No remedial measures have been taken to recover loss of ₹ 36 lakhs which is substantial amount. Not even a Police FIR has been registered by the assessee nor any criminal complaint filed against the suspect - additions confirmed - AT

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