https://www.taxtmi.com/caselaws?id=281632 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue that the loss of Rs. 2,42,245 was a capital loss, while also allowing the assessee's claim for the burglary loss during the relevant accounting year. The Court referred the matter back to the CIT(A) for a fresh decision on whether the burglary actually occurred. en-us Wed, 02 May 1990 00:00:00 +0530 Fri, 28 Jun 2019 12:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281632 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue that the loss of Rs. 2,42,245 was a capital loss, while also allowing the assessee's claim for the burglary loss during the relevant accounting year. The Court referred the matter back to the CIT(A) for a fresh decision on whether the burglary actually occurred. Case-Laws Income Tax Wed, 02 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281632