Claim of deduction due to loss of Cash in the fire in July 2010 ...
Deduction for Cash Loss in Fire Allowed Despite Early Book Entry; July 2010 Incident Evaluated.
March 4, 2017
Case Laws Income Tax AT
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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