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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Allowance of loss incurred on account of theft of jewellery - ...


Jewelry Theft Loss Deductible Without Insurance Payout; Claim Valid Despite Insurer's Non-Compensation.

October 28, 2017

Case Laws     Income Tax     AT

Allowance of loss incurred on account of theft of jewellery - Merely because the insurance company has not compensated the assessee and did not accept the claim of the assessee does not mean that the assessee has not incurred loss or theft has not taken place

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