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Robbery expenses

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26 July 2012 my client has debited robbery expense in his profit and loss account. please guide me whether robbery expense is allowed as expense under incometax act or not?? provide me guidelines or any notification indicating details for the same.

thanks in advance

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26 July 2012 No! robbery expense is not allowed.

26 July 2012 any section or guidelines are available?? please provide me.




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