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of <h1>High Court allows deduction for loss in Burma accounts, set off against Bombay profits</h1> <h3>In Re : Rawji Dhanji and Co.</h3> The High Court of Bombay allowed a deduction of Rs. 34,950 for a loss in Burma accounts, holding that it could be set off against profits in Bombay due to ... - The High Court of Bombay ruled in favor of the petitioner, allowing a deduction of Rs. 34,950 for a loss in Burma accounts. The court held that as Burma was part of British India during the previous year in which the loss occurred, it could be set off against profits in Bombay. The judgment was agreed upon by both Beaumont (CJ) and Kania, JJ.
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