Narcotic Drugs And Psychotropic Substances Act, 1985
19. Punishment for embezzlement of opium by cultivator.—
Any cultivator licensed to cultivate the opium poppy on account ... Central Government who embezzles or otherwise illegally disposes of the opium produced or any part thereof, shall be punishable with rigorous imprisonment for a term
being part of the
amount embezzled by the assessee's Munim is allowable as a
deduction under the Indian Income ... that is how the
appeal comes before us.
The question whether moneys embezzled by an agent or
employee are allowable as deduction in computing
cash. B omits to see this done as promised, and M embezzles. A is not liable to B on his guarantee
strangers.
- Any member of the society who shall steal, purloin or embezzle any money or other property, or wilfully and maliciously destroy or injure
criminal purpose, is not protected from disclosure. (c) A, being charged with embezzlement, retains B, an attorney, to defend him. In the course ... account-book, charging A with the sum said to have been embezzled, which entry was not in the book at the commencement of his employment
debts-If should be written off before
claim is allowed Bank-Embezzlement by officer-If trading
loss-Time of occurrence.
HEADNOTE:
The assessee ... become irrecoverable, and (ii) under s. 10(2)(xv) , certain
amounts embezzled by one of its officers and which the bank
department's contention was that the loss caused by embezzlement of an employee was under no circumstances a permissible deduction under the Income ... that view. The view of the Tribunal was that if there was embezzlement and a loss had been caused to the business
fraud
perpetrated by the Promoter Directors of SRMTL and fraudulent
embezzlement of funds in SRMTL in excess of Rs.350 crores being
unearthed, an application ... cumulative amount of
Rs.326.48 Crores had been siphoned out of/embezzled from the
coffers of SRMTL by its erstwhile Promoter Directors. This
conclusion
detected
that a sum of Rs.4,35,832/- was embezzled in connection with
implementation of Sakki Nullah Project, Rs.7,74,000/- was
embezzled ... embezzied in respect of Sohal Drain Project,
Rs.1,62,291/- was embezzled in relation to Jhabal Drain
Project, Rs.78,638/- was embezzled relating
assessed is entitled to the deduction of Rs. 19.000.00 being the sum embezzled by Mani Ram?
(2) According to the stated case, the 'assessed ... business loss on the ground that the amount had been embezzled by its then Manager Mani Ram. The latter was prosecuted before a magistrate
