Disallowance of deduction being the loss/ expenditure/outgo from ...
Income Tax
September 2, 2019
Disallowance of deduction being the loss/ expenditure/outgo from coffers of bank - For some reason best known to the appellant bank, proceeds were credited in the account of Shri Harshad Mehta and subsequently, the entire transaction was burnt in the fire of Security Scam - cannot be considered as deductible business loss.
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