Court Rules Business Loss Claim Invalid; Deposit Not Revenue in Nature; Fraudulent Cylinder Hire Charges Excluded.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Claim of business loss rejected - loss comprised of deposit relatable to dealership/distributorship and the balance referable to cylinder hire charges due to fraud/cheating on him - the said deposit made should not be treated as revenue in nature and the loss thereof must not be treated as business loss. - HC....