Assessee Eligible for Deduction on Provisions from Employee Fraud-Induced Loss in Leasing Company.

Assessee Eligible for Deduction on Provisions from Employee Fraud-Induced Loss in Leasing Company. https://www.taxtmi.com/highlights?id=61971 Deduction of provisions made - Ascertained expenditure - the assessee is entitled to deduction being the provision created on account of fraud committed by one of its employees which caused loss to the leasing company. - AT en-us Wed, 16 Feb 2022 14:50:55 +0530 Wed, 16 Feb 2022 14:50:55 +0530 TaxTMI RSS Generator Assessee Eligible for Deduction on Provisions from Employee Fraud-Induced Loss in Leasing Company. https://www.taxtmi.com/highlights?id=61971 Deduction of provisions made - Ascertained expenditure - the assessee is entitled to deduction being the provision created on account of fraud committed by one of its employees which caused loss to the leasing company. - AT Highlights Income Tax Wed, 16 Feb 2022 14:50:55 +0530 https://www.taxtmi.com/highlights?id=61971