https://www.taxtmi.com/caselaws?id=263068 The High Court condoned a 35-day delay in re-filing the appeal, disposing of the application. The Court allowed the Assessee's claim to treat embezzled funds as bad debts, directing the Assessing Officer to permit the loss. The Court upheld the ITAT's decision, dismissing the appeal as no substantial question of law arose regarding the interpretation of business loss under the Income Tax Act, 1961. en-us Wed, 12 Aug 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263068 The High Court condoned a 35-day delay in re-filing the appeal, disposing of the application. The Court allowed the Assessee's claim to treat embezzled funds as bad debts, directing the Assessing Officer to permit the loss. The Court upheld the ITAT's decision, dismissing the appeal as no substantial question of law arose regarding the interpretation of business loss under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263068