15 October 2013
As per my view its abnormal loss & can e claimed u/s 37.
If you have done police complain & Investigation is going on then it will not be allowed in the year which this happens but will be available in year in which investigation going to complete.
15 October 2013
Loss of cash caused by theft, defalcation or embezzlement may happen in the course of business. This loss of cash is allowable as a deduction in computing the adjusted income of a business for the basis period for a year of assessment provided such loss is incidental to the business carried on
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