9911796707
TMI Blog1941 (9) TMI 11X X X X Extracts X X X X X X X X Extracts X X X X ..... the year 1935-36 was written off. That is to say, the embezzlement was treated as a loss, which could be set off against income. The embezzlement was, no doubt, substantially more than the income of that year. In a subsequent year a sum is found to have been recovered in respect of that embezzlements, and it seems to me that the assessee, having alleged that the embezzlement was an embezzlement o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y, Sind and Baluchistan dated and eighteenth day of June one thousand nine hundred and forty one arising out of the order of the Appellate Assistant Commissioner of Income Tax S. D. Belgaum, in the above matter dated the twentieth day of June one thousand nine hundred and thirty nine on the ground mentioned in the application of the above named assessee the Union Bank of Bijapur and Sholapur Limit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the heirs of V. J. Parvatikar mentioned in the said Reference being part of the amount embezzled by him is a revenue gain and is assessable to tax as part of the total income of the assessee for the assessment year in question and this Court Doth Order that the said assessee do pay to the Commissioner of Income Tax Bombay, SInd and Baluchistan his costs of the Reference and of this order when tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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