https://www.taxtmi.com/caselaws?id=36692 The High Court directed the Tribunal to reconsider the assessment of losses claimed by the assessee for embezzlement in the assessment years 1965-66 and 1969-70. The Court emphasized the need for a proper evaluation of the evidence presented by the assessee and highlighted that the mere pendency of criminal proceedings against the alleged embezzler did not preclude proving the embezzlement and resultant losses. The Tribunal was instructed to reassess the appeals, taking into account the material provided by the assessee and the legal principles outlined in the judgment. en-us Mon, 11 Feb 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36692 The High Court directed the Tribunal to reconsider the assessment of losses claimed by the assessee for embezzlement in the assessment years 1965-66 and 1969-70. The Court emphasized the need for a proper evaluation of the evidence presented by the assessee and highlighted that the mere pendency of criminal proceedings against the alleged embezzler did not preclude proving the embezzlement and resultant losses. The Tribunal was instructed to reassess the appeals, taking into account the material provided by the assessee and the legal principles outlined in the judgment. Case-Laws Income Tax Mon, 11 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36692