https://www.taxtmi.com/caselaws?id=6638 A claim that money robbed while being carried by an employee was deductible as a business loss under the Income-tax Act, 1922 depended on clear proof that the y was in business transit, that the loss occurred in the manner alleged, and that the remittance method formed part of business operations or was supported by custom or practice. The High Court found the existing findings insufficient to show whether the loss arose directly from and was incidental to the business, so the question could not be finally decided on the present record. The matter was remitted to the Tribunal for fresh factual findings and a further statement of case. en-us Fri, 10 Dec 1965 00:00:00 +0530 Fri, 30 Jan 2009 20:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6638 A claim that money robbed while being carried by an employee was deductible as a business loss under the Income-tax Act, 1922 depended on clear proof that the y was in business transit, that the loss occurred in the manner alleged, and that the remittance method formed part of business operations or was supported by custom or practice. The High Court found the existing findings insufficient to show whether the loss arose directly from and was incidental to the business, so the question could not be finally decided on the present record. The matter was remitted to the Tribunal for fresh factual findings and a further statement of case. Case-Laws Income Tax Fri, 10 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6638