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![Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Black-Money-Tax-Scan.jpg "Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]")
Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]
While dismissing a departmental appeal, a division bench of the Mumbai ITAT ruled that the embezzlement loss due to siphoning of funds of...