Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]

By Taxscan Team - On November 4, 2022 10:53 am - 2 mins read
loss - Embezzlement - claim - employee - ITAT - taxscan

In the case of Aditya Birla Money Mart Limited, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a claim of Loss made by the branch employee is not allowable when it is not clear about the loss occurred due to embezzlement by employees. The Revenue challenged the action of CIT(A)…

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