https://www.taxtmi.com/caselaws?id=193190 The High Court ruled in favor of the assessee for both assessment years. The Court held that the entire claim should have been allowed for the loss sustained in the business due to lost garments. The Court found no valid reason to reduce the claim for the assessment year 1944-45, emphasizing that the material presented supported full allowance. The Court awarded costs to the assessee and counsel's fee of Rs. 250, indicating a favorable outcome for the assessee in both instances. en-us Tue, 23 Feb 1960 00:00:00 +0530 Sat, 15 Jul 2017 17:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193190 The High Court ruled in favor of the assessee for both assessment years. The Court held that the entire claim should have been allowed for the loss sustained in the business due to lost garments. The Court found no valid reason to reduce the claim for the assessment year 1944-45, emphasizing that the material presented supported full allowance. The Court awarded costs to the assessee and counsel's fee of Rs. 250, indicating a favorable outcome for the assessee in both instances. Case-Laws Income Tax Tue, 23 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193190