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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Claim of deduction due to loss of Cash in the fire in July 2010 ...

Income Tax

March 4, 2017

Claim of deduction due to loss of Cash in the fire in July 2010 - The entry relating to the loss of cash having been made in the books of account of the assessee only on 31.03.2010 is not a very vital circumstance. Thus the claim of the assessee for loss on account of cash destroyed by fire ought to have been allowed as deduction - AT

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